Housing Wire

APRIL 12, 2023

LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Of the 155 completed surveys, 32.3% of the respondents were from the Southwest, 21.3%

Mortgages 337

Mortgages Loan Officer Marketing Seller concession 337

Housing Wire

NOVEMBER 16, 2022

“By adding the buydown feature to our Smart Series, we feel that we’re expanding our ability to help potential buyers and sellers come together.”. Rate buydowns have become an attractive option for homebuyers in a market with soaring mortgage rates and still-high home prices. Combined, these two lenders originated $56.9

Seller concession 355

Seller concession Mortgages Lending Loans 355

Housing Wire

APRIL 8, 2024

to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to data compiled by Reverse Market Insight (RMI). Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% The refi opportunity may be smaller, but it’s still present, Lunde said. “It’s

Mortgages 383

Mortgages Seller concession Loans Equity 383

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 397

Mortgages Seller concession Fixed-rate mortgage Loans 397

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgages 396

Mortgages Equity Loans Seller concession 396

Housing Wire

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

Agents 405

Agents Seller concession Closing costs Mortgages 405

Housing Wire

OCTOBER 27, 2022

“The 30-year fixed-rate mortgage broke 7% for the first time since April 2002, leading to greater stagnation in the housing market,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Temporary rate buydowns are not new, but tend to receive more attention when rates surge, according to industry experts. Demand hits 25-year low.

Mortgages 373

Mortgages Fixed-rate mortgage Loan Officer Seller concession 373

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

SEPTEMBER 14, 2022

When home prices and mortgage rates fluctuate it can make your head spin, especially if you need to sell a house in a down market. To help you navigate a shifting housing market, we spoke with real estate agent Mari Slobounov, who is a business partner with the top-producing Lynn Holley Real Estate Group in Madison, Wisconsin.

Marketing 109

Marketing Inspection Staging Seller concession 109

Real Trends

JULY 11, 2022

The real estate market is red hot, and with prices to match, you’ll need to provide concrete support for any offer that is made. Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. Homeowner’s insurance is required for any properties that are financed.

Seller concession 79

Seller concession Closing costs Inspection Title search 79

Realty Biz

MARCH 27, 2022

If you are trying to buy a home in a seller’s market, offering the asking price may not be enough. With more competition from buyers, the seller has more options, and you will need to do more to get the house you want. Sellers are in the driver’s seat, and they know it.

Purchase and sale agreement 117

Purchase and sale agreement Earnest money deposit Seller concession Finance 117

Realty Biz

APRIL 20, 2022

Mortgage Financing Clause. Most home buyers do not have the finances available to buy without a mortgage. So financing is one of the common contingencies in an offer. Your credit score , income, and debt will contribute to the financing that is offered by lenders.

Purchase and sale agreement 106

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 106

Real Trends

OCTOBER 16, 2023

However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

Agents 99

Agents Seller concession Closing costs Mortgages 99

HomeLight

SEPTEMBER 30, 2021

If you’re financing your purchase with a mortgage loan, your new property most likely needs to undergo an appraisal to complete the transaction process. According to California real estate agent Ed Kaminsky , an appraisal is a “verification process” that the market did its job and the market value for your home is accurate.

Pre-approval 95

Pre-approval Seller concession Finance Banks 95

HomeLight

APRIL 29, 2021

It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. We’ll break down seller closing costs with insight from Peggy Centrella , a top Delaware real estate agent ranked in the top 5% of real estate agents in her market area. Seller concessions.

Closing costs 61

Closing costs Closing Seller concession Homeowner’s association 61

Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. In return, the seller agrees to take the home off the market. Making an offer on a house feels like a reason to celebrate.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

Housing Wire

FEBRUARY 2, 2024

This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from public Ginnie Mae data and private sources compiled by New View Advisors. to 106 loans), Finance of America Reverse (up 17.7% to 592 loans) and Longbridge Financial (up 7% to 258).

Mortgages 379

Mortgages Seller concession Loans Finance 379

Redfin

JULY 26, 2021

The housing market can vary day-to-day due to local factors such as supply and demand in your area and larger macro-economic factors such as how the U.S. This can be determined by having a comparative market analysis (CMA) completed on your home. . Almost always, the seller pays the total commission cost. economy is doing.

Seller concession 68

Seller concession Closing costs Inspection Staging 68

Realtor.com

JANUARY 23, 2023

Getty Images Tough financial times call for creative financing. Historically high mortgage rates and a cooling housing market have caused buyers and sellers to look for novel ways to stretch their dollar and seal a deal.

Loans 104

Loans Mortgages Investor Finance 104

The Close

FEBRUARY 6, 2024

The less your buyers need to finance, the less likely the deal will fall through. They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. That’s not including the luxury market—the median sold price in my area in Florida is around $300,000.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Housing Wire

MARCH 14, 2024

The slightly more upscale single-family listings for move-up buyers with children looking for their forever home just aren’t coming on the market right now, and demand is still very high.” For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.

Agents 407

Agents Seller concession Marketing Days on market 407

HomeLight

MAY 3, 2023

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. Enter your address to get started.

Seller concession 109

Seller concession Purchase and sale agreement Inspection Title 109

Redfin

MARCH 3, 2022

Although a delay in closing isn’t always the case, it’s best for both buyers and sellers to be aware of the common reasons for delayed closings. Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

OCTOBER 30, 2020

If you list too late in the foreclosure process, you won’t have time to prep the house, and you’ll have to list at a lower than market value price just to get it to sell in time to beat the foreclosure clock. Get your house on the market so you have the time to sell at a fair price.”. You’re not alone in facing foreclosure.

Short sale 104

Short sale Banks Equity Mortgages 104

HomeLight

AUGUST 28, 2020

We spoke with John Boyles, Head of Capital Markets at HomeLight, to walk us through the finer points of mortgage points. 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. Here’s what you need to know.

Mortgages 90

Mortgages Loan Officer Loans Seller concession 90

HomeLight

DECEMBER 2, 2021

In this guide, we dive deep into what costs sellers should expect to pay. Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. Cost to seller. Seller concessions.

Seller concession 113

Seller concession Staging Inspection Renovation 113

HomeLight

JANUARY 29, 2021

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. See this state by state guide for details.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. Agent commissions take the largest chunk out of the seller’s profits. 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%

Closing costs 91

Closing costs Closing Purchase and sale agreement Title 91

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. Let's start with some detailed information and actionable tips on financing. From preparing your finances and exploring mortgage options to calculating your budget, these steps set you on the right path toward finding your dream home.

Debt-to-income ratio 101

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 101

Realty Biz

JULY 31, 2023

Fortunately, you can pay for all materials using your credit cards, to finance them. And many contractors nowadays accept credit cards as well, allowing you to finance labor costs with plastic too. 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.

Seller concession 81

Seller concession Closing costs Renovation Equity 81

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 90

Closing Seller concession Sales Closing costs 90

HomeLight

JULY 12, 2022

Properties typically remained on the market for 16 days, and nearly 90% of homes sold were on the market for less than 30 days. Even though interest rates are rising, inventory is low in many markets. So, the seller’s market is holding, but cooling. from the prior month and 8.6% from one year ago. Get Estimate.

Seller concession 97

Seller concession Closing costs Renovation Title search 97

HomeLight

SEPTEMBER 15, 2022

housing market is undergoing a rebalancing. Visit HomeLight’s 2022 Housing Trends Hub for information on how to navigate a shifting market — whether you’re a seller, buyer, or homeowner. Preparation and perspiration are great allies if the housing market shifts into a recession. Being ignorant of the market.

Seller concession 96

Seller concession Inspection Agents Renovation 96

Realty Biz

SEPTEMBER 4, 2023

Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%. To cover closing costs, negotiate a seller concession.

Earnest money deposit 86

Earnest money deposit Seller concession Investor Hard money loan 86

HomeLight

JUNE 29, 2022

Comps give you a range for its “ market value ,” which you can then add or subtract from based on your home’s unique characteristics and features. Comps sold within the last 60 days are preferable because their sale price reflects current market conditions. What factors are used when finding comps?

MLS 108

MLS Seller concession Agents Sales 108

Realty Biz

MAY 24, 2021

Finding outstanding deals takes skill and work, and then it takes a healthy buyer’s list and marketing strategy to find a buyer quickly for your contracted deal. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%. To cover closing costs, negotiate a seller concession.

Earnest money deposit 126

Earnest money deposit Seller concession Investor Hard money loan 126

HomeLight

APRIL 14, 2023

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. That doesn’t mean that you won’t get an acceptable offer, but “the cash buyer just has a little bit more leverage than someone who’s financing.”

Sales 85

Sales Due diligence Agents Closing 85