Housing Wire

MARCH 27, 2023

In Austin, the total supply of for-sale homes rose 140% year over year in February — the second-biggest increase in the U.S., Pending sales also dropped by 40%. Pending home sales in San Jose also dropped 38% on an annual basis. Pending home sales also declined by 40% year over year in this market.

Industrial 357

Industrial Marketing Seller concession Sales 357

Housing Wire

MARCH 25, 2024

While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Purchase and sale agreement 411

Purchase and sale agreement Agents Seller concession MLS 411

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September.

Seller concession 361

Seller concession Mortgages Loans Finance 361

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 455

VA loan Agents Seller concession FHA loan 455

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

Pre-approval 415

Pre-approval Agents Loan Officer Seller concession 415

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. 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%

Mortgages 331

Mortgages Loan Officer Marketing Seller concession 331

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

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

The Close

DECEMBER 14, 2023

Gross commission income (GCI) is the full amount of money a real estate agent may receive in exchange for representing a buyer, seller, or both in a real estate transaction. GCI is generally calculated by multiplying the commission rate by the final sale price. Fill in your final sale price and commission rate below.

Agents 98

Agents Seller concession Brokerage Closing 98

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. So if your home sells for $450,000, you could spend anywhere between $27,000 to $45,000 in seller fees. Selling a home doesn’t come cheap. Should you consider it? Appraisal fee.

Closing costs 78

Closing costs Closing Seller concession Purchase and sale agreement 78

Easy Agent Pro

SEPTEMBER 5, 2023

Carefully consider factors like inventory levels, average sale prices, and average days on the market before making decisions. By considering creative incentives such as seller concessions or a flexible closing timeline, you can make your offer more appealing and increase your chances of securing the property.

Earnest money deposit 76

Earnest money deposit Seller concession Purchase and sale agreement Pre-approval 76

Realty Biz

DECEMBER 5, 2022

The home inspection contingency in a real estate contract allows the buyer to back out of the sale when there are issues. Most of the time, the problems are not significant enough for a buyer to terminate but to either negotiate the price or ask the seller to complete repairs. How to Negotiate Problems Found at a House Inspection.

Inspection 137

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 137

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

Real Trends

JANUARY 2, 2023

An increasing number of agents are exiting the industry because of these roller coaster conditions. If the interest rates do drop and get closer to 5%, agents can expect a mini-boom in which the low rates will re-inspire housing demand significantly and boost overall sales.

Seller concession 99

Seller concession Agents Mortgages Equity 99

Realty Biz

JUNE 26, 2023

The use of cryptocurrencies, particularly Bitcoin, has been surging over the past years in the real estate industry. If the seller believes the cryptocurrency market will experience an upward price movement, they might offer a discount on the home. It's up to you to decide if buying a house with Bitcoin is the best approach for you.

Seller concession 77

Seller concession Technology Investor As-is 77

RIS Media

FEBRUARY 17, 2022

The report noted, “It’s time to stop questioning whether iBuying is good or bad and start asking if an instant offer is a good option for your next home sale.”. Buy before you sell, sale leaseback, and especially cash offer options for home buyers catapulted the growth of Power Buyers and their accessibility to consumers.

Seller concession 89

Seller concession Loan contingency Mortgages Loans 89

Housing Wire

MARCH 13, 2024

Moreover, the concept remains a central theme of some arguments contained in the plethora of lawsuits that are now carpet bombing the real estate industry. There are many: Zillow , Realtor.com (which has not been owned by anyone in the industry for years), Homes.com — just to name a few. That’s a pretty big task.

Seller concession 441

Seller concession Agents MLS Sales 441

RIS Media

FEBRUARY 28, 2022

Buy Before You Sell, Sale Leaseback and especially Cash Offer options for homebuyers catapulted the growth of Power Buyers and their accessibility to consumers. iBuyer “prep and repairs” fees drop: Called a seller concession, they decreased in 2021 to an average of 3.1%

Seller concession 80

Seller concession Loan contingency Mortgages Loans 80

The Close

FEBRUARY 20, 2024

Preparation and presentation: Sellers should focus on depersonalizing and decluttering their homes to appeal to a wide range of buyers. This phenomenon means there are fewer buyers than there are homes for sale. What Is a Seller’s Market? Key Takeaways: Sellers’ advantage: Sellers have the upper hand due to limited supply.

Marketing 98

Marketing Debt-to-income ratio MLS Pre-approval 98

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. Connie Kim: There seems to be optimism in the mortgage industry at the start of the new year. How have the first two weeks of January been?

Pre-approval 391

Pre-approval Marketing Seller concession Mortgages 391

HomeLight

JULY 14, 2021

We’ve researched all the ways smoking and real estate values intersect and how smoking indoors potentially affects a home sale, talking to experienced real estate agents about the impact of cigarette damage over time, as well as checking in with cleaning professionals on the best ways to de-funk a smoker’s house.

Seller concession 108

Seller concession Agents As-is Staging 108

HomeLight

APRIL 17, 2024

Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. But their differences could make a difference in the success — and profits — of your home sale depending on your selling and moving objectives. When you sell, they deduct the costs from your sale proceeds.

Seller concession 97

Seller concession Inspection Rent back Closing 97

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. Notary fee.

Seller concession 114

Seller concession Staging Inspection Renovation 114

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 86

Sales Due diligence Agents Closing 86

HomeLight

APRIL 11, 2023

For this reason, many industry publications will advise that you buy in January or February for a better price. Colorado Springs The median sale price in Colorado Springs was $465,000 in February 2023 , with homes staying on the market for an average of 54 days, up 122.4% When is the best time of year to buy a house in Colorado?

Fixed-rate mortgage 89

Fixed-rate mortgage Seller concession Agents Sales 89

HomeLight

APRIL 11, 2023

For this reason, many industry publications will advise that you buy in January or February for a better price. the inventory of homes for sale tends to be relatively tight compared to many other parts of the country. We analyze millions of home sales to find the best-performing agents for your personalized needs.

Purchase and sale agreement 86

Purchase and sale agreement Agents Seller concession Inspection 86

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. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. Seasonal trends buckled.

Marketing 63

Marketing Mortgages Investor New Construction 63

HomeLight

APRIL 26, 2023

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Alabama. 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).

MLS 70

MLS Agents Sales Proof of funds 70

HomeLight

MAY 1, 2023

When the time comes to move, some tenacious homeowners in Mississippi 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).

MLS 77

MLS Agents Sales Mortgage pre-approval letter 77

HomeLight

MARCH 13, 2022

When the time comes to move, some tenacious homeowners 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%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). Learn More.

MLS 98

MLS Agents Mortgage pre-approval letter Sales 98

HomeLight

SEPTEMBER 10, 2022

Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent. 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. Get a Free Home Value Estimate.

Closing costs 95

Closing costs Agents Seller concession Closing 95

HomeLight

APRIL 27, 2023

When the time comes to move, some tenacious homeowners in Utah 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).

MLS 84

MLS Agents Sales Mortgage pre-approval letter 84

HomeLight

MAY 25, 2023

When the time comes to move, some tenacious homeowners in North Carolina 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).

MLS 87

MLS Pre-approval Agents Sales 87

HomeLight

MAY 1, 2023

When the time comes to move, some tenacious homeowners in Maryland 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).

MLS 74

MLS Agents Mortgage pre-approval letter Sales 74

HomeLight

NOVEMBER 10, 2022

When the time comes to move, some tenacious homeowners in Chicago 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%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 89

Purchase and sale agreement MLS Agents Pre-approval 89

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Iowa 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%-8% , historically — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

MLS 101

MLS Purchase and sale agreement Pre-approval Agents 101

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. While old-fashioned methods of picking a real estate agent like referrals and for-sale signs are valuable in your search, the ever-evolving internet offers a wealth of immediate resources. Leverage technology.

Agents 109

Agents Purchase and sale agreement Technology Seller concession 109