Housing Wire

FEBRUARY 19, 2025

Set the stage: Educate your clients on the market This is your time to shine! Show off your real estate knowledge by educating your buyers on what the market is like in your area. Explain current market conditions: Is it a buyers market, sellers market, or a more balanced market?

Closing

Redfin

FEBRUARY 20, 2025

On average, sellers typically pay between 6% and 10% of the homes sale price in total closing costs. This percentage includes real estate agent commissions, title insurance, escrow fees, and potential seller concessions. Heres a general estimate of different seller closing costs: Expense Typical Cost Who Pays?

Closing costs

Redfin

JANUARY 10, 2025

Deciding when to sell your home is a major decision that can be influenced by many factorsfinancial, personal, and market-driven. Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. How long should you live in your home before selling?

Seller concession

Redfin

JUNE 5, 2025

housing market finally favors homebuyers, but few can afford it The spring buying season is well underway, and it’s a weird one. Sellers are realizing they’re no longer in charge, with many offering concessions. By 2021, buyers outnumbered sellers by 900,000, fueling bidding wars and pushing prices higher.

Marketing

Redfin

JULY 1, 2025

A seller’s credit, also known as a seller concession, is a financial agreement where the home seller agrees to cover some of the buyer’s closing costs. Rather than lowering the price of the home, the seller contributes a credit at closing to help reduce the buyer’s upfront expenses. What is a seller’s credit?

Purchase and sale agreement

Redfin

MARCH 18, 2025

Think of it as a good-faith payment that tells the seller youre committed. This deposit is usually between 1% and 3% of the homes purchase price, but the amount can vary based on the local market and the agreement between you and the seller. You received seller concessions or lender credits.

Closing

HomeLight

NOVEMBER 22, 2024

You could run into marketing challenges and legal troubles if you’re not familiar with the process. Unsure About Selling FSBO in Oklahoma If you don’t have the time or expertise to list your home FSBO, partner with a trusted, top agent in your Oklahoma market. How does selling by owner (FSBO) work in Oklahoma?

Seller concession

Redfin

JULY 24, 2025

According to the 2024 FHA Annual Report , more than 8 out of 10 FHA-insured home purchase mortgages were for first-time homebuyers, a significantly higher proportion compared to the rest of the market, where first-time buyers comprised half of originations. How to lower your down payment as a first-time buyer?

FHA loan

Redfin

JUNE 9, 2025

This is a common challenge in competitive housing markets, where roughly 8% of home appraisals come in below the contract price. This is particularly prevalent in real estate markets like Los Angeles, CA , Austin, TX , or Chicago, IL , where bidding wars often drive prices above the appraised value.

Purchase and sale agreement

Redfin

AUGUST 4, 2025

Research the local market Understanding the fair market value of a home is critical. ” Focus on: Sale prices of homes with similar size, age, and features The average price per square foot How long properties are staying on the market Also, look at the broader market trends. .” Don’t ignore market context.

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

Every real estate market is different, therefore, the best time to sell a home will be different from real estate community to real estate community. For example, the spring market in the Webster, New York real estate community maybe April, May, and June while the spring market in Coral Springs, Florida maybe March & April.

Purchase and sale agreement

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

The Mortgage Report

JULY 1, 2025

These numbers indicate that buyers nowadays are feeling the pinch of today’s market. Economic uncertainties like tariffs, potential recession risks, and the current housing market also play a role.” Ask sellers for concessions to help cover closing costs. VA home loans rose to 7.2% Collaborate with the right agent.

Loans

Redfin

MARCH 4, 2025

Home equity is calculated by subtracting the amount you still owe on your mortgage from the current market value of your home. Here are the steps: Step 1: Find your homes current market value The first step in determining your home equity is to find out your homes current value. How is home equity calculated?

Equity

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

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Seller concession

Housing Wire

JANUARY 11, 2023

” Gano’s experiences reflect what happened in the market overall. “Mortgage rates declined last week as markets reacted to data showing a weakening economy and slowing wage growth,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement.

Seller concession

Housing Wire

JANUARY 10, 2023

In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. Sellers realize they’re not going to get $80,000 over the asking price like their neighbor did last year,” he added.

Seller concession

Housing Wire

JUNE 10, 2021

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Seller Concessions. A concession is when the seller agrees to pay part of a buyer’s closing costs. Are you thinking about selling your home?

Seller concession

Keeping Current Matters

FEBRUARY 20, 2025

For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows.

Seller concession

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. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

Industrial

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance

Housing Wire

NOVEMBER 16, 2022

With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account. The temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. Presented by: Flagstar. primary home purchases.

Seller concession

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Industrial

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Marketing

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

Seller concession

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

Marketing

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

Housing Wire

NOVEMBER 5, 2024

Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers and lenders. Going forward, Telford is expecting even more variation in seller concessions and agent compensation due to the terms of the NAR settlement.

Seller concession

Housing Wire

APRIL 12, 2023

LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Of the 155 completed surveys, 32.3% of the respondents were from the Southwest, 21.3%

Mortgages

Housing Wire

MARCH 13, 2024

The centerpiece of this concept is the belief that sellers have the time and the money and are willing to spend the requisite amount of both to market their property effectively. Complete market exposure would involve about 25 more sites. How does that help the consumer? More research adds weight to that question.

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

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

Maximum Exposure Real Estate

JUNE 7, 2021

The post Seller’s Concessions: What is a Seller Concession and How Do They Work appeared first on Massachusetts Real Estate Exposure. Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make purchasing the home […].

Seller concession

Broke Agent Media

MARCH 16, 2023

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6%

Seller concession

Housing Wire

MARCH 25, 2024

While this may be similar to how agents in some MLSs note that sellers are willing to provide concessions, Papasan made it clear that seller concessions and commissions are not the same thing. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Purchase and sale agreement

Housing Wire

OCTOBER 21, 2022

Lenders, including United Wholesale Mortgage and Rocket Mortgage Pro TPO , launched temporary rate buydowns that allow borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Lender roadmap: Driving success in a difficult market.

Seller concession