Housing Wire

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. We’re not competing, and inventory out there is now up for some negotiating on things like pricing, inspection, and rate buydowns. Rate buy-downs are another option I recommend in this market.

Agents 401

Agents Seller concession Closing costs Mortgages 401

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. Contingencies.

Seller concession 79

Seller concession Closing costs Inspection Title search 79

Windemere Selling

JANUARY 19, 2022

Two main property-related closing costs for buyers are the appraisal and the home inspection. A home inspection provides the buyer with a clear understanding of the home’s condition and what repairs need to be made, either in the future or before closing.

Closing costs 52

Closing costs Closing Purchase and sale agreement Seller concession 52

HomeLight

NOVEMBER 1, 2021

To explore the potential drawbacks of paying for buyer closing costs as the seller, we spoke with Tara Limbird , an Arkansas-based agent who heads a team of real estate pros that was nationally ranked at the top one half of 1% of Realtors®. Buyers and sellers generally pay for their own closing costs — but everything’s negotiable.

Closing costs 73

Closing costs Closing Seller concession Purchase and sale agreement 73

Realty Biz

APRIL 20, 2022

Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. Sometimes a seller will be willing to pay some or all of these costs to sell their home.

Purchase and sale agreement 112

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 112

Redfin

JULY 26, 2021

Home Inspection. One of the first items is a home inspection. Specifically, this is considered a presale or pre-listing home inspection since you, as the seller, are having the inspection performed. The presale inspection will alert you to any potential issues with your house that could cause buyers to walk away.

Seller concession 67

Seller concession Closing costs Inspection Staging 67

Windemere Buying

JUNE 22, 2022

The timeline for inspections during the closing process vary state to state. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. 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

HomeLight

APRIL 29, 2021

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. Examples of concessions include cash to cover closing costs, repairs, and home warranties. One of the most common seller concessions is repair credits.

Closing costs 60

Closing costs Closing Seller concession Homeowner’s association 60

Realtor.com

DECEMBER 10, 2020

In a competitive market, buyers might be tempted to forgo a home inspection to speed up the process and appeal to sellers. Better to move forward with the home inspection, and then use the findings as a potential bargaining chip. Just remember: It’s not a given that the sellers will be willing to budge.

Closing costs 142

Closing costs Inspection Closing Rent back 142

Real Trends

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. We’re not competing, and inventory out there is now up for some negotiating on things like pricing, inspection, and rate buydowns. Rate buy-downs are another option I recommend in this market.

Agents 99

Agents Seller concession Closing costs Mortgages 99

Realty Biz

DECEMBER 7, 2022

Although replacing the roof may seem like a logical course of action, it may be more beneficial to negotiate a seller's concession with the home buyer. It is not unusual to be able to get a buyer to take a reduced concession off the price of the house or as a credit vs. doing a roof replacement.

Seller concession 106

Seller concession Inspection As-is Development 106

HomeLight

NOVEMBER 10, 2021

You’ll better coordinate steps such as a pre-listing inspection and preliminary title report before your house hits the market (more on those below). “I Consider a pre-sale inspection. Sellers typically pay between 6%-10% of the final sale price in closing costs to cover: Agent commissions. Seller concessions.

Inspection 115

Inspection Title Seller concession Agents 115

HomeLight

SEPTEMBER 14, 2022

Get a pre-listing home inspection. A pre-listing inspection can reveal potential problems including missing shingles, electrical issues, or water leaks. Having a detailed report of your major systems ensures no surprises will catch you off guard when a buyer’s inspection is done. Know what’s happening in the market.

Marketing 105

Marketing Inspection Staging Seller concession 105

HomeLight

MARCH 31, 2021

If fees are annual, Burnett shares that some sellers prorate the fee according to the time of the sale , while others cover the fee for the buyer as a concession or deal sweetener. Seller concessions. The average cost for a termite bond falls between $500 and $2,000.

Closing costs 94

Closing costs Closing Purchase and sale agreement Title search 94

The Close

FEBRUARY 6, 2024

That showed the sellers that my clients were more invested and serious about purchasing the home. Don’t Ask for Seller Concessions In many transactions, asking the seller to cover some of the associated home purchasing costs is customary. But every little concession is important when you’re in a bidding war on a house.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

NOVEMBER 10, 2021

General and specialized inspections ($350 for general, $100 for special): Most buyers opt to hire a professional inspector to look under the hood of a home before they cement their purchase. Some fees may be negotiated or split between buyer and seller in a FSBO transaction. Negotiated or split fees. attorney fees ($500).

Closing costs 97

Closing costs Closing Title Title search 97

Redfin

MARCH 3, 2022

From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home. Clouds on the title.

Closing 61

Closing Title search Purchase and sale agreement Title 61

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

The Close

FEBRUARY 20, 2024

There may be disadvantages, like limited inspection objections and cash offer competition. You need to help them with strategy and help them avoid settling for less than what they want. That’s one of the pros of being a real estate agent ! Your buyers will need to act fast. Coach your buyers to remain patient.

Marketing 92

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

Realty Biz

OCTOBER 28, 2020

After all, disclosing that the house you’re selling is haunted may lead to you making seller concessions to keep the buyer, which would cause you to either spend more money than you planned or lose money on the sale price of the home. Haunted houses are not necessarily a deal-breaker.

Seller concession 49

Seller concession House Flipping Inspection As-is 49

HomeLight

JUNE 16, 2022

You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions might be a cost to sell a house in California.

Seller concession 82

Seller concession Closing costs Inspection Agents 82

Redfin

AUGUST 23, 2023

However, the process can also be intricate and overwhelming, especially when it comes to understanding the nuances of home inspections. If you’re looking to buy a home in Baltimore, MD , the significance of a comprehensive home inspection cannot be overstated. Why should you get a home inspection in Maryland? Let’s get started.

Inspection 46

Inspection Seller concession Due diligence Renovation 46

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Like Opendoor, they typically perform a home inspection before finalizing their offer. They also estimate 1% in seller concessions if you list with them, but there’s no cancellation fee. But beyond this similarity, how do they stack up? Trustpilot : 4.6

Seller concession 91

Seller concession Inspection Rent back Closing 91

HomeLight

JUNE 16, 2022

You can probably expect to run into these typical expenses for home sellers in Massachusetts: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. ” You may not have to make concessions to complete the sale of your home.

Seller concession 84

Seller concession Closing costs Inspection Closing 84

HomeLight

JANUARY 29, 2021

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. Pre-listing home inspection. Property survey.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

DECEMBER 2, 2021

Cost to seller. Seller concessions. Home pre-inspection. But in Texas, the seller customarily pays for the owner’s policy while the buyer pays for the lender’s policy. Seller concession. If the buyer finances the home purchase, their lender typically caps seller concessions.

Seller concession 110

Seller concession Staging Inspection Renovation 110

HomeLight

APRIL 14, 2023

Agent commissions take the largest chunk out of the seller’s profits. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. But Navarro cautions that seller concessions vary by county in California because the real estate markets differ. “In

Closing costs 87

Closing costs Closing Purchase and sale agreement Title 87

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. Kauffman confirms that seller credits are an important building block of the negotiation process.

Closing 86

Closing Seller concession Sales Closing costs 86

HomeLight

NOVEMBER 7, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Houston. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Houston agents will tell you that a lower price is better than a seller concession.

Seller concession 78

Seller concession Purchase and sale agreement Closing costs Inspection 78

Realty Biz

JANUARY 19, 2024

Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection. Navigating the home inspection and negotiation process is a critical step in buying a house. The inspection report will provide valuable insights into potential issues that need attention.

Debt-to-income ratio 106

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 106

HomeLight

JUNE 14, 2022

Pre-listing inspection: $279-$400, if desired or needed. Seller concessions. Seller concessions can contribute to the overall cost to sell a house in Seattle. These indirect costs may include seller concessions and buyer incentives. “The Seller concessions. Selling expense.

Seller concession 99

Seller concession Closing costs Agents Closing 99

HomeLight

JUNE 14, 2022

You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale. Seller concessions. Pre-listing inspection: $279-$400 , if desired or needed. Seller concessions. Seller concessions are another cost to sell a house in Chicago. Closing costs.

Seller concession 87

Seller concession Purchase and sale agreement Closing costs Title 87

HomeLight

SEPTEMBER 15, 2022

Missing a big issue before the home inspection. Surprises might be good for parties but not home inspections. One way to protect yourself before getting an unwanted surprise is to hire your own home inspector to do a pre-listing inspection. Settling on cheap, poor-quality listing photos.

Seller concession 92

Seller concession Inspection Agents Renovation 92

HomeLight

MAY 31, 2022

Net proceeds represent the final amount of money a seller receives from selling a home after expenses such as commission, repairs, inspection costs, transfer fees, mortgage balance payoff, and other assorted fees are subtracted. Seller concessions: Incentives to encourage buyers to close the deal. Seller concessions.

Seller concession 121

Seller concession Closing costs Staging Sales 121

HomeLight

SEPTEMBER 27, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Seller concessions. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives, although Candelaria believes that “a lower price is better than a concession.”. Seller concessions. $0-$19,500.

Seller concession 68

Seller concession Closing costs Homeowner’s association Title 68

Redfin

JUNE 28, 2022

Seller concessions. Using a local storage company, ideally temperature-controlled, is a great way to go so your stuff is completely out of the way for showings and home inspections. In addition to real estate commissions, you may also have to pay for: Repair and renovation. Landscaping and lawn care. Potential tax bill.

Staging 60

Staging Renovation Closing costs Agents 60

HomeLight

OCTOBER 20, 2022

Pre-listing inspection, if desired or needed: $279 to $400. Possible seller concessions in Austin. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives. However, many Austin agents will tell you that a lower price is better than a seller concession.

Seller concession 86

Seller concession Purchase and sale agreement Closing costs Inspection 86