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

Realtor.com

This means navigating the highs and lows of the real estate market and strategizing ways to improve the terms of the deal on the table. One type of incentive that buyers—and sellers—can use is called seller concessions. How do seller concessions work?

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What Is the Average Cost to Sell a House in California?

HomeLight

Days on the market or DOM is the number of days a property has been on the market from the time it’s listed for sale until the house is taken off the market with a signed contract. While the market in California is still hot for sellers, there has been a decrease in the number of homes sold. Seller concessions.

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Seller concessions. Mortgage pay off.

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What Is the Cost to Sell a House in Texas?

HomeLight

After new home sales set records in 2021 , the Texas housing market cooled in recent months, generally seeing decreases for homes under $400,000 that offset increases for homes priced over $750,000. With values and markets changing so dramatically, now may be a good time to check up on your home value. Seller concessions.

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What Is the Cost to Sell a House in Seattle?

HomeLight

Days on the market or DOM is the number of days a property has been on the market from listing until having a signed sales contract. The Seattle market continues to sizzle with a DOM of just 33 days. The Seattle market continues to sizzle with a DOM of just 33 days. Seller concessions. Get Estimate.

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What Costs Are Involved in Selling My House?

HomeLight

Properties typically remained on the market for 16 days, and nearly 90% of homes sold were on the market for less than 30 days. Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% from one year ago.

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What your customer should know before making an offer

Real Trends

The real estate market is red hot, and with prices to match, you’ll need to provide concrete support for any offer that is made. Concessions. You are your customer’s best advocate when it comes to evaluating seller concessions. Private mortgage insurance. Mortgage preapproval.