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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 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. Don’t forget: Origination fees Title search Appraisals Underwriting Realtor fees.

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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. Seller concessions. One of the most common seller concessions is repair credits.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

Due to the overwhelmingly strong seller’s real estate market some buyers are making their offers more attractive. Instead, they will offer the seller an appraisal gap guarantee , saying the will make up the difference if the home appraisal comes in lower than the sale price.

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What Happens After Making an Offer on a House?

Windemere Buying

In return, the seller agrees to take the home off the market. Getting the home inspected allows you to ask the seller that certain repairs be made, request seller concessions, and renegotiate your offer. When the sale closes, the money goes toward the down payment or closing costs. Now you’re ready to close!

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

And it’s typical for sellers to pay that fee within the current real estate market. Plus, when a seller isn’t working with an agent, the buyer’s agent may end up carrying more of the weight to get the deal to the finish line. Some fees may be negotiated or split between buyer and seller in a FSBO transaction.

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

Redfin

A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. To avoid a delayed closing, you can ask the seller to complete the repairs before purchasing the home (if they can be done quickly) or request some form of seller concession to offset the cost of repairs.

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