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Proceeds vs Profit: How Much Will I Make Selling My House?

HomeLight

Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Nevertheless, despite rising interest rates and creeping inflation, the housing market continues to enjoy favorable pricing, largely due to low inventory. Seller concessions: Incentives to encourage buyers to close the deal.

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Onto the Next: What to Know Before Selling Your Recently Purchased Home

HomeLight

If you have a mortgage on your home, your housing payment will be the same every month — but in the first couple of years, the vast majority of that overall payment will likely go toward interest and will barely touch the principal balance. Inspection and repair fees (varies). Seller concessions (2% – 6%).