Housing Wire

NOVEMBER 16, 2022

With the rising rates throughout 2022, and the pace of home sales slowing as a result, many lenders are providing seller concessions to encourage buyers to strike a deal. Buyers are often using that concession to reduce their mortgage payments during the first one to three years through a temporary buydown,” Johnson said.

Seller concession 341

Seller concession Mortgages Lending Loans 341

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 393

Mortgages Seller concession Fixed-rate mortgage Loans 393

Housing Wire

APRIL 12, 2023

A total of 45% of participants said home sales in their markets will remain flat for the next three months; 30.3% said sales will go up more than 5%; and 25.2% expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5% About 47.1%

Mortgages 319

Mortgages Loan Officer Marketing Seller concession 319

Housing Wire

MARCH 14, 2024

“People are taking their time to actually come see things now instead of buying site unseen, and occasionally we see some seller concessions, but the traffic and the demand is still there; you might just work a little longer with people because we don’t have anything for sale,” Clarkson said.

Agents 388

Agents Seller concession Marketing Days on market 388

Housing Wire

AUGUST 25, 2022

“For some smaller originators, it could kind of move the needle,” said Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW). Home prices have remained stubbornly high , and there’s tens of billions of dollars in homes for sale beyond the conventional loan limits set by Fannie Mae and Freddie Mac.

Mortgages 390

Mortgages Equity Loans Seller concession 390

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. Seller credits are money the seller gives the buyer at closing.

Closing 95

Closing Seller concession Sales Closing costs 95

HomeLight

APRIL 14, 2023

In this guide, we will review the pros and cons of each approach to help you decide which makes the most sense for your home sale. Get a cash offer with HomeLight’s Simple Sale If you want to sell your house fast in Miami, HomeLight’s Simple Sale all-cash offer platform could be the perfect solution. The company has 4.6

Sales 90

Sales Due diligence Agents Closing 90

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

MAY 3, 2023

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

Seller concession 107

Seller concession Purchase and sale agreement Inspection Title 107

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 115

Seller concession Staging Inspection Renovation 115

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% from the prior month and 8.6% from one year ago. Get Estimate.

Seller concession 101

Seller concession Closing costs Renovation Title search 101

Real Trends

JULY 11, 2022

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Concessions. Education here is key.

Seller concession 79

Seller concession Closing costs Inspection Title search 79

HomeLight

JANUARY 29, 2021

If you’re selling For Sale By Owner, you’ll save on the listing agent’s commission. Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. to 1% of the sale price in escrow fees.

Closing costs 98

Closing costs Closing Seller concession Title search 98

Realty Biz

APRIL 20, 2022

When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. The language in the offer to purchase will allow you to escape the sale with your money back. You can’t decide to let the seller know you’re backing out after the inspection clause expires.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

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. Updated September 30, 2021. Option 4: Request a new home appraisal. Option 5: Pay more for the house.

Pre-approval 97

Pre-approval Seller concession Finance Banks 97

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 96

Closing costs Closing Purchase and sale agreement Title 96

Realty Biz

JANUARY 19, 2024

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. Again, local market conditions determine whether you can get any seller concessions.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Realty Biz

MARCH 27, 2022

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Don’t Ask the Seller to Include Excluded Items.

Purchase and sale agreement 116

Purchase and sale agreement Earnest money deposit Seller concession Finance 116

HomeLight

APRIL 29, 2021

As a seller, your home sale price and proceeds are very different numbers. You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. So, what are closing costs in Delaware?

Closing costs 62

Closing costs Closing Seller concession Homeowner’s association 62

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. When the sale closes, the money goes toward the down payment or closing costs.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

Redfin

JULY 26, 2021

The average cost of selling a home in the US is approximately 10 – 15 percent of your home’s sale price. Though not mandatory, the presale inspection provides insight into what might need to be repaired and what may hinder a sale or cause it to fall through altogether. Almost always, the seller pays the total commission cost.

Seller concession 71

Seller concession Closing costs Inspection Staging 71

HomeLight

SEPTEMBER 15, 2022

When you overprice your home, especially during a recession, it’s one of the biggest mistakes that a seller can make. Overpricing leads to future price reductions , which can stall your home sale and place a stigma on your property listing that can act as a scarlet letter to buyers. How Much Is Your Home Worth Now? Get Estimate.

Seller concession 100

Seller concession Inspection Agents Renovation 100

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 107

MLS Seller concession Agents Sales 107

HomeLight

MARCH 23, 2022

Once you decide to buy a home, looking into your financing options should be one of the first steps. A preapproval isn’t a guarantee that you’ll ultimately be able to get a mortgage — this is why buyers typically include a financing contingency in an offer, so they’re protected in case financing falls through at a later stage.

Pre-approval 100

Pre-approval Marketing Inspection Finance 100

HomeLight

MARCH 31, 2021

The last thing you want is sticker shock when you review these subtractions in your seller’s settlement statement. The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. Seller’s closing costs in Georgia. Seller concessions. Not in Atlanta?

Closing costs 100

Closing costs Closing Purchase and sale agreement Title search 100

HomeLight

SEPTEMBER 14, 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. When a market turns down, and the number of buyers decreases, knowing every potential issue that could affect the sale of your home can be important.

Marketing 112

Marketing Inspection Staging Seller concession 112

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. Cost of mortgage interest – a strategy to help make financing more affordable for buyers. Realtor commissions for the sale (5% to 6%).

Closing costs 98

Closing costs Agents Seller concession Closing 98

HomeLight

APRIL 29, 2022

HomeLight offers: Agent Match : Analyzes millions of home sales, thousands of reviews, and other factors, including a real estate agent’s sale-to-list price ratio and how that maps to local price trends to put more money in your wallet at closing. Can be good savings for sellers. What does Redfin offer home sellers?

Agents 96

Agents MLS Closing Home sale contingency 96

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 showed the sellers that my clients were more invested and serious about purchasing the home.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

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. Comparable properties nearby : Real estate comps are recent nearby home sales that affect the sale price and value of your home. Get Estimate.

Closing costs 98

Closing costs Equity Short sale Agents 98

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 63

Closing Title search Purchase and sale agreement Title 63

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. Comparable properties nearby : Known as real estate comps , recent nearby home sales affect the sale price and value of your home. Get Estimate.

Closing costs 94

Closing costs Equity Short sale Sales 94

HomeLight

NOVEMBER 30, 2022

We analyze millions of home sales to find buyer’s agents who will show you the perfect home with the right price. Overseeing the next steps once an offer is accepted — helping with financing approval, keeping track of timelines, explaining the inspection report. Need Help Buying Your Dream Home? Leverage technology.

Agents 107

Agents Purchase and sale agreement Technology Seller concession 107

HomeLight

OCTOBER 18, 2022

The National Association of Realtors internal data reveals a 1% of the sales price investment into home staging saw an average return on investment of 5% to 15% over the asking price. Stage the home: Making an impression on the buyer is vital to a successful sale. A properly staged home may result in: Increased sale price.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Closing costs Staging 96

HomeLight

AUGUST 25, 2020

“If you want to, you could sell your house immediately after the paperwork says it is officially yours,” says Kimberly Porter, CEO of Microcredit Summit , a top personal finance publication. You could forfeit any chance at making a profit — or even face a loss on the sale. As with any home sale, you’ll have to cough up some costs.

Principal 69

Principal Equity Seller concession Title 69

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 103

Short sale Banks Equity Mortgages 103

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. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 84

Purchase and sale agreement MLS Pre-approval Agents 84