HomeLight

MAY 23, 2025

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. “In Maine primarily southern Maine, which is my market things are definitely leveling out a bit. .

Purchase and sale agreement

Redfin

JUNE 10, 2025

This can create a significant hurdle in real estate transactions, particularly for those navigating the market with Redfin’s platform and agents. This guide offers clear, actionable steps and tailored insights for both buyers and sellers facing an appraisal challenge.

Purchase and sale agreement

Housing Wire

MARCH 15, 2024

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

Industrial

Housing Wire

MAY 20, 2024

The settlement will require buyers to sign written buyer agreements that clearly disclose how much and by whom their broker are compensated. Expecting to net $392,000, the seller could then counter-offer with $404,000 for the home and $12,000 for the broker. In a seller’s market, that may well occur.

Purchase and sale agreement

Housing Wire

MARCH 25, 2024

Under the terms of the settlement agreements reached by both Keller Williams and the National Association of Realtors (NAR), cooperative compensation is still allowed. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said. We just don’t know what they are yet.”

Purchase and sale agreement

Housing Wire

AUGUST 19, 2024

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug.

Purchase and sale agreement

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan

Realty Biz

JUNE 22, 2021

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

Seller concession

Realtor.com

NOVEMBER 15, 2022

Getty Images In a real estate transaction, both the buyer and the seller are looking to maximize their bottom line. 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.

Seller concession

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? As Realtors, we had to think creatively to help our sellers sell their homes. To think outside the box, some Realtors began using seller concessions. You are certainly not alone. In some areas of the U.S., In some areas of the U.S.,

Seller concession

Easy Agent Pro

SEPTEMBER 5, 2023

In today’s competitive real estate market , bidding wars have become common. Here, we’ll explore several novel yet effective ways of outwitting competition and increasing your chances of successful bidding in competitive markets. Start by researching the current market conditions where you intend to buy a property.

Earnest money deposit

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. So if your home sells for $450,000, you could spend anywhere between $27,000 to $45,000 in seller fees. The seller usually pays their closing costs.

Closing costs

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property.

Debt-to-income ratio

HomeLight

JUNE 14, 2022

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. Chicago didn’t have the huge spike in pricing that some of the markets throughout the states [had]. Santiago Valdez.

Seller concession

Realty Biz

MARCH 27, 2022

If you are trying to buy a home in a seller’s market, offering the asking price may not be enough. With more competition from buyers, the seller has more options, and you will need to do more to get the house you want. Sellers are in the driver’s seat, and they know it. Make a Strong Bid.

Purchase and sale agreement

Realty Biz

DECEMBER 5, 2022

The crazy hot seller's market forced many home buyers into forgoing their inspection. Things are starting to change in many real estate markets around the country. Instead of markets dramatically favoring sellers, they are becoming more balanced. Most of The Time, Having The Seller Make Repairs is a Mistake.

Inspection

Realty Biz

JULY 6, 2023

What Is a Seller Credit? A seller credit, or a closing cost credit, is an agreement where the seller agrees to pay a portion of the buyer's closing costs. The seller credits can help alleviate the buyer's financial burden during home-buying. Often these terms are used interchangeably. Let's take a look.

Closing costs

Realty Biz

APRIL 20, 2022

What to Know About Terms and Conditions Found in an Offer to Purchase. It will state your offer price and many other clauses that could be crucial to the success of the purchase. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Home Inspection Contingency.

Purchase and sale agreement

HomeLight

MAY 3, 2023

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

Seller concession

HomeLight

APRIL 14, 2023

Your California dream home has just come on the market, and you’re eager to make an offer. In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life.

Closing costs

Windemere Selling

JANUARY 19, 2022

The closing process in a real estate transaction finalizes the terms of an agreement between the buyer and seller, leading to the transfer of the property’s title. Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid.

Closing costs

HomeLight

FEBRUARY 8, 2023

In a shifting housing market, the prospect of entering into a major real estate transaction can seem daunting — especially if you’re unsure about the steps involved. If you’re selling on the open market in New York State, choosing the right price is one of the most important steps. Looking to sell a home in New York State?

Purchase and sale agreement

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Michigan are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Michigan real estate market and a steep rise in equity added extra incentive to maximize profits. How Much Is Your Michigan Home Worth Now?

Purchase and sale agreement

HomeLight

NOVEMBER 30, 2022

Today’s housing market looks very different from what we’ve experienced in the past few years. Rising interest rates and some sellers’ inability to adjust to a different demand has complicated market conditions. Steps 12-17 : Select the perfect agent to help you navigate a challenging market. Leverage technology.

Agents

HomeLight

DECEMBER 13, 2022

When the time comes to move, some tenacious homeowners in Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Virginia real estate market and a steep rise in equity added extra incentives to maximize profits. Get Started. .

Purchase and sale agreement

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

Purchase and sale agreement

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Iowa are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Iowa real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

Purchase and sale agreement

Windemere Buying

JUNE 22, 2022

Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates. You can accept or reject the counteroffer or come back with a counteroffer of your own, which may continue for multiple rounds until the two parties reach an agreement. Now you’re ready to close!

Purchase and sale agreement

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Pennsylvania are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Pennsylvania real estate market and a steep rise in equity added extra incentive to maximize profits. Get Estimate.

Purchase and sale agreement

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits. Get Started.

Purchase and sale agreement

HomeLight

APRIL 22, 2025

In this handy guide, well provide answers to some of the most common questions about managing a home sale in Florida. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.

Purchase and sale agreement

HomeLight

NOVEMBER 14, 2022

When the time comes to move, some tenacious homeowners in New York are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot New York real estate market and a steep rise in equity added extra incentives to maximize profits. Get Started.

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2022

When the time comes to move, some tenacious homeowners in Wisconsin are eager to take over the reins of their home sale and figure out how to sell a house by owner. In recent years, the hot Wisconsin real estate market and a steep rise in equity added extra incentive to maximize profits. How Much Is Your Wisconsin Home Worth Now?

Purchase and sale agreement

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Although a delay in closing isn’t always the case, it’s best for both buyers and sellers to be aware of the common reasons for delayed closings. Financing issues.

Closing

HomeLight

OCTOBER 20, 2022

Fear of the unknown can cause home sellers a high level of anxiety, especially when the housing market is in flux. Knowing what to expect can help you to craft a solid plan and take confident steps forward when listing and selling your home in the Austin market. It’s very property-specific,” says Smith of the Austin market.

Seller concession

HomeLight

NOVEMBER 7, 2022

Fear of the unknown can cause home sellers a high level of anxiety, especially when the housing market is in flux. Knowing what to expect can help you to craft a solid plan and take confident steps forward when listing and selling your home in the Houston market. There’s not a massive influx or mass exodus.

Seller concession

HomeLight

APRIL 11, 2023

If you’re planning a home purchase in The Grand Canyon State, you may be wondering, “What’s the best time to buy a house in Arizona?” This is when many local markets tend to slow down a bit and homes are more likely to be offered at a slight discount. Once again, this depends on where in the state you are looking to purchase.

Purchase and sale agreement