Lighter Side of Real Estate

APRIL 29, 2025

What Is a Seller Concession? during the first quarter of 2025 included some form of seller concession. But what exactly is a seller concession? A concession refers to anything a seller provides to help reduce the buyers out-of-pocket costsnot including price drops or post-offer price negotiations.

Seller concession 90

Seller concession Closing costs Closing Inspection 90

Housing Wire

APRIL 8, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The actual breakout of numbers also paints a telling picture, since March saw new borrower (or “equity takeout”) originations rise by 10.7%, HECM for Purchase (H4P) endorsements increase by 15.1% and even HECM-to-HECM refinances jump by 8.8%.

Mortgages 430

Mortgages Seller concession Loans Equity 430

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said.

Mortgages 436

Mortgages Seller concession Principal Loans 436

Housing Wire

FEBRUARY 2, 2024

With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. Seasonality is in our favor now and the significant drop in the 10-year CMT is a huge help,” he said.

Mortgages 409

Mortgages Seller concession Loans Finance 409

Housing Wire

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. We have to help first-time buyers see the bigger picture by highlighting the advantages of homeownership, such as building equity, tax benefits, and potential appreciation in property value.

Agents 410

Agents Seller concession Closing costs Mortgages 410

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? How is home equity calculated?

Equity 35

Equity Loans Seller concession Short sale 35

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession 59

Seller concession Equity Closing costs Renovation 59

HomeLight

DECEMBER 2, 2021

Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. According to Caldwell, today’s buyers look for turnkey homes, not sweat equity. But in Texas, the seller customarily pays for the owner’s policy while the buyer pays for the lender’s policy. Seller concession.

Seller concession 122

Seller concession Staging Inspection Renovation 122

Realty Biz

JULY 31, 2023

The idea is that you create enough equity when you renovate the property to then take a cash-out refinance once renovations are finished. Negotiate a Seller Concession As my grandfather taught me growing up, you don’t get what you deserve in life; you get what you negotiate. Not all sellers will consider it, of course.

Seller concession 82

Seller concession Renovation Closing costs Equity 82

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. Decluttering can be done for the cost of sweat equity, though some sellers may need to anticipate costs for junking and storage. For example, if a buyer puts less than 10% down, then the concession max is 3%.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

Realty Biz

MAY 24, 2021

To cover closing costs, negotiate a seller concession. As publicly traded equities, they fall under the SEC’s regulation, which means these REITs must make a great deal of information public and transparent. Another coin with two sides is regulation.

Earnest money deposit 124

Earnest money deposit Hard money loan Seller concession Investor 124

Real Trends

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. We have to help first-time buyers see the bigger picture by highlighting the advantages of homeownership, such as building equity, tax benefits, and potential appreciation in property value.

Agents 105

Agents Seller concession Closing costs Mortgages 105

Redfin

JUNE 9, 2025

This protects both buyers and lenders —buyers avoid overpaying and starting with negative equity, while lenders ensure the home is valuable enough to back the loan. If you own other property, tapping into home equity could help cover the gap. A real estate appraisal matters because it affects how much you can borrow.

Purchase and sale agreement 31

Purchase and sale agreement Seller concession Finance Equity 31

Redfin

JUNE 10, 2025

Offer seller concessions or financing: Instead of reducing the core price, you might offer seller credits toward the buyer’s closing costs. While less common, seller financing, where you act as the lender for a portion of the loan, could also be an option to bridge the gap. .

Purchase and sale agreement 31

Purchase and sale agreement Seller concession Finance Closing costs 31

HomeLight

APRIL 14, 2023

Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. Common seller concessions include home warranty, home inspection fees, repair credits, and insurance for earthquakes and other natural disasters. The rate could go from 7% to 6.5%

Closing costs 105

Closing costs Closing Purchase and sale agreement Title 105

HomeLight

SEPTEMBER 30, 2021

If they are unwilling to budge on price, you can also renegotiate seller concessions. With seller financing (a “seller carryback”), you take out a private mortgage between you and the seller. MLS printouts of these comps with sales data and seller concessions.

Pre-approval 98

Pre-approval Seller concession Finance Banks 98

Realty Biz

SEPTEMBER 4, 2023

To cover closing costs, negotiate a seller concession. As publicly traded equities, they fall under the SEC’s regulation, which means these REITs must make a great deal of information public and transparent. Another coin with two sides is regulation.

Earnest money deposit 85

Earnest money deposit Hard money loan Seller concession Investor 85

HomeLight

FEBRUARY 25, 2022

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. Seller concessions (2% – 6%). Sometimes the need to relocate less than five years after purchasing a home cannot be avoided. A possible second set of closing costs if buying a new home.

Seller concession 111

Seller concession Closing costs Inspection Agents 111

HomeLight

APRIL 17, 2024

They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee. This frees up the equity in your old home for a new down payment. A proven agent can help you price your home competitively, negotiate for a longer rent-back period if needed, and get more seller concessions.

Seller concession 115

Seller concession Inspection Rent back Closing 115

HomeLight

AUGUST 28, 2020

That extra MI cost could override any savings you’d see from discount points — at least until you hit 20% equity on your home, and get rid of your MI payments. I’ve never purchased a home without the seller paying at least 3%,” he adds. A seller concession may be the best of both worlds for the savvy homebuyer.

Mortgages 98

Mortgages Loan Officer Loans Seller concession 98

HomeLight

SEPTEMBER 10, 2022

You may find other alternatives that are a better fit for your situation, such as: Rent out your home: You might need to sell but don’t have enough equity or money to pay the seller’s fees in order to complete the transaction. Seller concessions (2% to 6% to financially help the buyer).

Closing costs 111

Closing costs Agents Seller concession Closing 111

HomeLight

MARCH 13, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. Recently, a blazing hot real estate market and steep rise in equity adds extra incentive to maximize profits.

MLS 105

MLS Agents Mortgage pre-approval letter Sales 105

HomeLight

OCTOBER 11, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Iowa real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 111

MLS Purchase and sale agreement Pre-approval Agents 111

Redfin

JUNE 28, 2022

Seller concessions. If you haven’t built adequate equity in your home, it may not make financial sense to sell. You can estimate your equity by subtracting what you owe on your home loan from the potential sales price. Landscaping and lawn care. Home staging, photographs, and cleaning services. Potential tax bill.

Staging 63

Staging Renovation Closing costs Agents 63

HomeLight

OCTOBER 11, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Michigan real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 110

Purchase and sale agreement MLS Agents Sales 110

Redfin

DECEMBER 27, 2023

“Looking ahead, whether interest rates will fall depends on two things: the strength and resiliency of the economy, and consumer behavior,” notes Matt Birdseye, Executive Vice President at Bay Equity , a Redfin company. In fact, by November, more than one-third of all home sellers gave concessions – down from the record 45.6%

Marketing 66

Marketing Mortgages Investor New Construction 66

HomeLight

DECEMBER 8, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Washington State real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

APRIL 13, 2023

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the previously hot Kansas real estate market and a steep rise in equity added extra incentives to maximize profits.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

HomeLight

NOVEMBER 21, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Louisiana real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Land 105

HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Oregon real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 105

MLS Agents Sales Inspection 105

HomeLight

SEPTEMBER 30, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Wisconsin real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

OCTOBER 1, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Ohio real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 111

MLS Pre-approval Agents Sales 111

HomeLight

OCTOBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Pennsylvania real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

DECEMBER 13, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot Virginia real estate market and a steep rise in equity added extra incentives to maximize profits.

Purchase and sale agreement 105

Purchase and sale agreement MLS Agents Sales 105

HomeLight

NOVEMBER 23, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot West Virginia real estate market and a steep rise in equity added extra incentive to maximize profits.

MLS 104

MLS Agents Sales Closing 104

HomeLight

NOVEMBER 14, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New York real estate market and a steep rise in equity added extra incentives to maximize profits.

Purchase and sale agreement 103

Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

DECEMBER 6, 2022

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.

Purchase and sale agreement 103

Purchase and sale agreement MLS Pre-approval Agents 103