Redfin

JUNE 10, 2025

Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Their work includes a thorough examination of the property, detailed analysis of comparable sales , and consideration of property condition and features. This is beneficial for the buyer as it provides immediate equity.

Purchase and sale agreement

Housing Wire

JANUARY 10, 2023

In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. Pandemic boomtowns see a rise in concessions.

Seller concession

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance

Housing Wire

SEPTEMBER 16, 2022

For Rocket Pro TPO, home sellers or real estate agents will be funding the program, similar to a buydown program rival United Wholesale Mortgage launched last month. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.

Mortgages

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages

HomeLight

DECEMBER 2, 2021

We break down what the cost of a home sale could look like based on the average U.S. home sales price of $453,300, as reported by the Federal Reserve Bank of Saint Louis. Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes. Sample seller expenses for a $453,300 house.

Seller concession

HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% of the property sales price. It’s customary for the seller to pay both.) of today’s median home sale price of $375,700.

Seller concession

HomeLight

APRIL 14, 2023

When it comes to who pays closing costs in California, both buyers and sellers are responsible for certain fees in a home sale transaction. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. The rate could go from 7% to 6.5% 602 (1,500 sq.

Closing costs

HomeLight

SEPTEMBER 30, 2021

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. If they are unwilling to budge on price, you can also renegotiate seller concessions.

Pre-approval

HomeLight

FEBRUARY 25, 2022

When owners need to sell their home in a shorter time frame, how to determine if the sale is worth pursuing can be confusing. Life happens, but there are options other than selling to help you build up enough equity in your home before putting it on the market. That is where the five year rule comes into play.

Seller concession

HomeLight

APRIL 17, 2024

Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. But their differences could make a difference in the success — and profits — of your home sale depending on your selling and moving objectives. When you sell, they deduct the costs from your sale proceeds.

Seller concession

HomeLight

SEPTEMBER 10, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Request a cash offer: You can skip repairs and preparations and request an all-cash offer from a home-buying service such as HomeLight’s Simple Sale platform.

Closing costs

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Iowa are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Iowa real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

Purchase and sale agreement

HomeLight

MARCH 13, 2022

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner. Recently, a blazing hot real estate market and steep rise in equity adds extra incentive to maximize profits. FSBO listings statistically sell for less than agent-assisted sales.

MLS

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Michigan are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Michigan real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

Purchase and sale agreement

HomeLight

DECEMBER 8, 2022

When the time comes to move, some tenacious homeowners in Washington State are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Washington State real estate market and a steep rise in equity added extra incentive to maximize profits. The state topped 7.8 Get Started.

MLS

HomeLight

OCTOBER 1, 2022

When the time comes to move, some tenacious homeowners in Ohio are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Ohio real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

MLS

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Pennsylvania are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Pennsylvania real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

Purchase and sale agreement

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in Louisiana are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Louisiana real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

MLS

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in Oregon are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Oregon real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

MLS

HomeLight

APRIL 13, 2023

When the time comes to move, some tenacious homeowners in Kansas are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the previously hot Kansas real estate market and a steep rise in equity added extra incentives to maximize profits.

MLS

HomeLight

SEPTEMBER 30, 2022

When the time comes to move, some tenacious homeowners in Wisconsin are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Wisconsin real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

Purchase and sale agreement

HomeLight

DECEMBER 13, 2022

When the time comes to move, some tenacious homeowners in Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Virginia real estate market and a steep rise in equity added extra incentives to maximize profits. Get Started. .

Purchase and sale agreement

HomeLight

NOVEMBER 23, 2022

When the time comes to move, some tenacious homeowners in West Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

MLS

HomeLight

NOVEMBER 14, 2022

When the time comes to move, some tenacious homeowners in New York are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot New York real estate market and a steep rise in equity added extra incentives to maximize profits. Get Started.

Purchase and sale agreement

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

Purchase and sale agreement

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

Purchase and sale agreement

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Illinois are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Illinois real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

MLS

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. Seasonal trends buckled.

Marketing

Redfin

JUNE 28, 2022

That could mean fewer interested buyers, fewer offers, and possibly a smaller sales price. How to prepare for your home sale. Seller concessions. If you haven’t built adequate equity in your home, it may not make financial sense to sell. There are a few ways to quicken the home sale process. Moving costs.

Staging

HomeLight

JULY 12, 2022

First-time buyers were responsible for 27% of those sales, down from 31% in May 2021. All-cash sales accounted for 25% of May transactions, up from the 23% recorded a year ago. Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% Seller concessions. from the prior month and 8.6%

Seller concession

HomeLight

APRIL 14, 2023

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. The company has 4.6

Sales

HomeLight

JULY 25, 2022

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. or “Can I sell a home after owning it for one year?”.

Closing costs

HomeLight

JUNE 29, 2022

Before contacting a real estate agent, you had no idea how much your house was worth , or how much you could make in a home sale. This “how to find comps for my house” crash course will teach you how to find comparable sales and calculate a rough estimate of your home’s home’s value. How do home sellers use comps?

MLS

HomeLight

JULY 25, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. Get Estimate.

Closing costs

HomeLight

OCTOBER 30, 2020

From there, it can be two to three months to the scheduled sale of your property if you take no action to square up with the mortgage company, HUD’s guidelines note. Don’t let any stigma keep you from making wise financial decisions about the sale of your home. This pre-foreclosure period is actually the best time to sell.

Short sale

HomeLight

AUGUST 25, 2020

You could forfeit any chance at making a profit — or even face a loss on the sale. To help you navigate an earlier-than-expected home sale, we talked with a top real estate agent and some seasoned property investors to create this in-depth guide. As with any home sale, you’ll have to cough up some costs. Overlap costs (1% – 2%).

Principal