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What Are Seller Concessions? Here’s Why They’re a ‘Win-Win for Both Sides’

Realtor.com

One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. How do seller concessions work?

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Georgia Sellers: Here’s a Round Up of Your Closing Costs

HomeLight

Taxes and fees: $3,325 for the transfer, tax, title fees, and escrow fees which we’ll detail below. Although many closing costs are negotiable, sellers in Georgia are traditionally on the hook for the following: 1. You must pay off your mortgage before you transfer the title to your house. Title search fee.

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What your customer should know before making an offer

Real Trends

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.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

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. Common Contingencies Found in an Offer to Purchase.

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

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. Title fees (1%). Owner’s title policy (0.5%-1%):

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. Major damage is found during the home inspection.

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Selling a House in Delaware? You’re on the Hook for These 9 Closing Costs and More

HomeLight

In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. You must pay off your mortgage before you can transfer the title to a new owner. Seller concessions.