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zavvie Releases 2022 Seller Preferences Report

RIS Media

According to the report, consumers gained an advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. iBuyer “prep and repairs” fees drop: Called a seller concession, they decreased in 2021 to an average of 3.1% Using a Cash Offers program, homebuyers averaged just 1.1

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zavvie Reveals new iBuyer and Power Buyer Report

RIS Media

According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. iBuyer “prep and repairs” fees drop: Called a seller concession, they decreased in 2021 to an average of 3.1% submitted offers before successfully purchasing a home.

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Use These 8 Strategies to Get Yourself a Home in 2022’s Real Estate Market

HomeLight

But there’s a catch: Because you don’t typically have to provide any documentation, nothing is verified, and this loan amount isn’t guaranteed. Only include essential contingencies. Speaking of contingencies, Peterson says the fewer, the better. The sooner you do this, the better. Be flexible in negotiations.