HomeLight

APRIL 29, 2021

Loan payoff amount. Loan payoff includes the remaining principal and interest owed up until closing. Seller concessions. Sellers may owe money at closing for financing concessions they agreed to pay for during the negotiation process to help close the sale. Source: (Sebastian Herrmann / Unsplash).

Closing costs 61

Closing costs Closing Seller concession Homeowner’s association 61

HomeLight

MARCH 31, 2021

Although many closing costs are negotiable, sellers in Georgia are traditionally on the hook for the following: 1. Loan payoff amount. Loan payoff includes the remaining principal and interest owed up until closing. We often encourage [sellers] to keep an eye on that. Loan reconveyance fee. Property taxes.

Closing costs 96

Closing costs Closing Purchase and sale agreement Title search 96

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.

Seller concession 109

Seller concession Purchase and sale agreement Inspection Title 109

HomeLight

AUGUST 25, 2020

How loan amortization factors in. 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).

Principal 68

Principal Equity Seller concession Title 68

HomeLight

JULY 25, 2022

Here are a few of the details: Length of time: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale. Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. of the loan amount. Overlap costs (1%-2%).

Closing costs 91

Closing costs Equity Short sale Agents 91

HomeLight

JULY 25, 2022

Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. of the loan amount. That can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Inspection and repair fees (varies).

Closing costs 88

Closing costs Equity Short sale Sales 88