Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 443

VA loan Agents Seller concession FHA loan 443

Realty Biz

JULY 31, 2023

One point is equal to 1% of your total loan amount. They add up quickly – two points on a $300,000 mortgage come to $6,000 in origination fees alone! Fortunately, you can pay for all materials using your credit cards, to finance them. Not all sellers will consider it, of course. For example, FHA loans require only 3.5%

Seller concession 80

Seller concession Closing costs Renovation Equity 80

Realty Biz

JULY 6, 2023

The seller credits can help alleviate the buyer's financial burden during home-buying. Seller credits at closing can sometimes be the difference whether a buyer can purchase a home. It is worth noting that a seller credit can be the same thing as a seller concession. Often these terms are used interchangeably.

Closing costs 86

Closing costs Closing Purchase and sale agreement Seller concession 86

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Kauffman confirms that seller credits are an important building block of the negotiation process.

Closing 82

Closing Seller concession Sales Closing costs 82

HomeLight

JANUARY 29, 2021

Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Seller concessions. Mortgage pay off. Appraisal: $300-$400.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

JUNE 29, 2022

Agents use the same factors as a home appraiser because they know that if your house fails to appraise appropriately, a buyer may not get a mortgage on it, and the sale could fall through. And they’re also concerned about a mortgage lender’s appraisal. Appraisers research comps when they’re appraising a home for a mortgage lender.

MLS 106

MLS Seller concession Agents Sales 106