Real Trends

APRIL 11, 2023

To think outside the box, some Realtors began using seller concessions. Whereas seller concessions make the home-buying process more affordable and exciting for potential buyers, while also maintaining the home and the community’s value. In some areas of the U.S., So, what do you do?

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Broke Agent Media

MAY 31, 2023

of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% While sellers in some parts of the U.S. are offering freebies to attract buyers, thanks to the dampening effect of high mortgage rates, sellers in markets with severe housing shortages don’t need to.

Seller concession 52

Seller concession Closing costs Sales Mortgages 52

Inman

APRIL 17, 2024

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

Industrial 180

Industrial Mortgages Finance Agents 180

Housing Wire

MARCH 27, 2023

But with the tech sector in turmoil, a looming recession, and consistently elevated mortgage rates, that trend is now making an about-face. Sellers are locked in because they can’t justify giving up a 2.9% mortgage rate to buy a new home with a 6.5% rate,” San Jose Redfin manager Kimberly Douglas said.

Industrial 348

Industrial Marketing Seller concession Sales 348

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. 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. points from the 7.5%

VA loan 453

VA loan Agents Seller concession FHA loan 453

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4%

Mortgages 321

Mortgages Loan Officer Marketing Seller concession 321

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. 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 363

Mortgages Fixed-rate mortgage Loan Officer Seller concession 363

Housing Wire

NOVEMBER 20, 2023

Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. If this is to happen, buyer agents and mortgage companies will be forced to adapt.

Pre-approval 405

Pre-approval Agents Loan Officer Seller concession 405

Broke Agent Media

MARCH 18, 2023

That’s why BAM started the Hot Sheet —to break down the last 24 hours’ worth of news in the industry every morning the markets are open. Banking Crisis Alright, we know you didn’t miss this—it’s safe to say that in every industry, all eyes have been on what’s happening with banks right now.

Seller concession 98

Seller concession Banks Mortgages Industrial 98

Broke Agent Media

JANUARY 13, 2023

Next up was the favorable jobs report and the Fed’s less than bullish response to it, followed by openly bearish Goldman Sachs projections and the increase in seller concessions. . Tune in to hear advice from both on what agents should be doing to prepare sellers and keep their clients well-informed. 14:17 Concessions are up.

Seller concession 52

Seller concession Mortgages Agents Industrial 52

Broke Agent Media

MARCH 28, 2023

The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. The tech industry is experiencing a high rate of layoffs. Because homeowners are unwilling to let go of low mortgage rates, they’re not listing homes for sale.

Seller concession 98

Seller concession Marketing Sales Industrial 98

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. There’s always been a seasonality to the industry where the holidays are significantly slower than immediately before and after.”

Mortgages 364

Mortgages Seller concession Loans Finance 364

Real Trends

JANUARY 2, 2023

An increasing number of agents are exiting the industry because of these roller coaster conditions. You can remind your clients that paying rent is still paying a mortgage —just someone else’s. For example, homes priced at $600,000 and below are most influenced by mortgage rates.

Seller concession 99

Seller concession Agents Mortgages Equity 99

Real Trends

JULY 11, 2022

Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. Asking for concessions in a buyer’s market is a good strategy if the seller wants a quick sale. Seller concessions are less beneficial when homes are selling quickly, but each situation is unique.

Seller concession 79

Seller concession Closing costs Inspection Title search 79

Realty Biz

JUNE 26, 2023

You can transact Bitcoin directly with the seller, qualify for a mortgage, or convert your crypto holdings into cash. The use of cryptocurrencies, particularly Bitcoin, has been surging over the past years in the real estate industry. Use Your Bitcoin as Collateral for A Mortgage.

Seller concession 76

Seller concession Technology Investor As-is 76

Realty Biz

DECEMBER 5, 2022

Most of The Time, Having The Seller Make Repairs is a Mistake. It is usually best to ask the seller to adjust the price or give you a credit at closing. Those in the real estate industry refer to it as a seller concession. The bottom line for buyers and sellers is to be reasonable.

Inspection 137

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 137

RIS Media

FEBRUARY 28, 2022

According to the report, consumers gained an advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. Buyers using a mortgage needed to make offers on seven houses before winning an offer. Using a Cash Offers program, homebuyers averaged just 1.1

Seller concession 80

Seller concession Loan contingency Mortgages Loans 80

RIS Media

FEBRUARY 17, 2022

According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. Buyers using a mortgage needed to make offers on seven houses before winning an offer. Using a “cash offers” program, homebuyers averaged just 1.1

Seller concession 89

Seller concession Loan contingency Mortgages Loans 89

The Close

FEBRUARY 20, 2024

Rising interest rates can help cool down a hot seller’s market by reducing affordability for buyers. A modest change in interest rates could affect your mortgage by thousands of dollars—a rate change of just half a percentage point could increase your mortgage by hundreds per month. Want more real estate statistics ?

Marketing 92

Marketing Debt-to-income ratio MLS Pre-approval 92

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Read on for more about Cohen’s business strategies for 2023, his take on the housing market and what mortgage products to pay attention to this year.

Pre-approval 387

Pre-approval Marketing Seller concession Mortgages 387

HomeLight

APRIL 17, 2024

They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee. You can work with local industry experts to help you set your home’s price. If you bundle their services an coordinate your close dates, you can potentially save thousands of dollars and avoid paying double mortgages.

Seller concession 113

Seller concession Inspection Rent back Closing 113

HomeLight

DECEMBER 2, 2021

We detail what costs you’re likely to incur and what sellers pay on average. Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Cost to seller.

Seller concession 120

Seller concession Staging Inspection Renovation 120

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? a Redfin company.

Marketing 65

Marketing Mortgages Investor New Construction 65

HomeLight

APRIL 11, 2023

For this reason, many industry publications will advise that you buy in January or February for a better price. In addition, Colorado’s tourism industry saves every Colorado household $670 in annual taxes due to the state and local taxes paid by visitors. When is the best time of year to buy a house in Colorado?

Fixed-rate mortgage 104

Fixed-rate mortgage Seller concession Agents Sales 104

HomeLight

APRIL 11, 2023

For this reason, many industry publications will advise that you buy in January or February for a better price. Though average mortgage rates have significantly increased since the peak of the pandemic housing boom, median sales prices have been dropping and the number of active listings has been increasing.

Purchase and sale agreement 103

Purchase and sale agreement Agents Seller concession Inspection 103

HomeLight

SEPTEMBER 10, 2022

Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent. Cost of mortgage interest – a strategy to help make financing more affordable for buyers. Seller concessions (2% to 6% to financially help the buyer). Mortgage payoff (varies).

Closing costs 109

Closing costs Agents Seller concession Closing 109

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. Should you be present for showings? See the next step!)

MLS 90

MLS Agents Sales Proof of funds 90

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Before signing anything, Grable recommends thoroughly reading through the offer and noting not just the offer price, but if there will be a mortgage, and when the closing date will be.

MLS 102

MLS Agents Sales Mortgage pre-approval letter 102

HomeLight

MARCH 13, 2022

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Before signing anything, here are key considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. Marketing your home is time-consuming.

MLS 104

MLS Agents Mortgage pre-approval letter Sales 104

HomeLight

MAY 25, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. In the perfect world, buyer and seller should never meet,” says Richter. Marketing your home is time-consuming. Should you be present for showings? Require everything in writing.

MLS 103

MLS Pre-approval Agents Sales 103

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Here are key considerations when considering an offer on your Mississippi home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. See the next step!)

MLS 98

MLS Agents Sales Mortgage pre-approval letter 98

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Here are key considerations when considering an offer on your Maryland home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. See the next step!)

MLS 95

MLS Agents Mortgage pre-approval letter Sales 95

HomeLight

DECEMBER 6, 2022

Not having agent representation could also lead to paying more in seller concessions. Murphy says there are many people who have slowed down their search or taken a break with mortgage rates skyrocketing. “We This is standard industry practice among agents. Marketing your home is time-consuming. Share on social media.

Purchase and sale agreement 100

Purchase and sale agreement MLS Pre-approval Agents 100

HomeLight

APRIL 13, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. He also says sellers should beware of anyone who wants an “owner carry” where the seller actually holds the mortgage. Marketing your home is time-consuming.

MLS 103

MLS Agents Sales Mortgage pre-approval letter 103

HomeLight

APRIL 27, 2023

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Here are key considerations when considering an offer on your Kentucky home: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds. See the next step!)

MLS 86

MLS Agents Sales Mortgage pre-approval letter 86

HomeLight

NOVEMBER 10, 2022

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. Will [a FSBO seller] know what questions to ask?”. Lalez says that “97% of buyers use an agent” and that “agents don’t look on FSBO platforms.”. Should you be present for showings?

Purchase and sale agreement 103

Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. This is standard industry practice among agents. When considering an offer on your Iowa home, avoid risk with these considerations: Vet potential buyers by requiring a mortgage pre-approval letter or proof of funds.

MLS 109

MLS Purchase and sale agreement Pre-approval Agents 109