Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.

Pre-approval 456

Pre-approval Agents Loan Officer Seller concession 456

Housing Wire

AUGUST 19, 2024

“The biggest difference is that sellers need to have the new format and commission structure explained to them fully and carefully,” said Rachael Dotson, an agent at Rhode Island-based Residential Properties Ltd. It is really leveling the playing field,” said Jason Posnick, the sales manager at Lamacchia Realty.

Purchase and sale agreement 450

Purchase and sale agreement Agents MLS Seller concession 450

Housing Wire

MARCH 25, 2024

There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” 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.

Purchase and sale agreement 441

Purchase and sale agreement Agents Seller concession MLS 441

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 128

Seller concession Marketing MLS Agents 128

Housing Wire

FEBRUARY 19, 2025

Showings: Explain how you, as the agent, will find and send properties through MLS searches and set expectations for how you will conduct property tours. Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer.

Closing 307

Closing Earnest money deposit Due diligence Pre-approval 307

HomeLight

JANUARY 29, 2021

If you’re selling For Sale By Owner, you’ll save on the listing agent’s commission. Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. to 1% of the sale price in escrow fees.

Closing costs 98

Closing costs Closing Seller concession Title search 98

BAM Media

OCTOBER 21, 2024

Listing Agreement Overview It helps to start with a clear definition of the terms: Definition : NAR defines a listing agreement as a contract between the homeowner and the agent, allowing the agent to represent and market the property while establishing the sales price.

Seller concession 98

Seller concession MLS Agents As-is 98

HomeLight

JULY 25, 2022

After all, commissions are typically the seller’s responsibility. You’re wondering if there’s any way to save money on your sale, perhaps by using a flat fee broker. While sellers can save money on that side of the transaction, he cautions that they’re still paying the buyer’s agent commission of 2%-3% at closing.

MLS 110

MLS Brokerage Agents Seller concession 110

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. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 110

Purchase and sale agreement MLS Agents Sales 110

HomeLight

MARCH 13, 2022

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow). Learn More.

MLS 105

MLS Agents Mortgage pre-approval letter Sales 105

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. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

Purchase and sale agreement 111

Purchase and sale agreement MLS Pre-approval Agents 111

HomeLight

FEBRUARY 19, 2023

When you see a “for sale” sign pop up in your neighbor’s yard, it’s natural to be curious. Not only do these professionals know the ins and outs of the local market, but they have access to tools that provide the most accurate and up-to-date information on home listings and sales. Our data shows the top 5% of agents across the U.S.

MLS 104

MLS Seller concession Agents Sales 104

HomeLight

APRIL 27, 2023

When the time comes to move, some tenacious homeowners in Utah are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 104

MLS Agents Sales Mortgage pre-approval letter 104

HomeLight

MAY 1, 2023

When the time comes to move, some tenacious homeowners in Mississippi are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 102

MLS Agents Sales Mortgage pre-approval letter 102

HomeLight

MAY 25, 2023

When the time comes to move, some tenacious homeowners in North Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 105

MLS Pre-approval Agents Sales 105

HomeLight

MAY 1, 2023

When the time comes to move, some tenacious homeowners in Maryland are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 100

MLS Agents Mortgage pre-approval letter Sales 100

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. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 105

Purchase and sale agreement MLS Agents Sales 105

HomeLight

OCTOBER 1, 2022

When the time comes to move, some tenacious homeowners in Ohio are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 111

MLS Pre-approval Agents Sales 111

Redfin

JULY 26, 2021

The average cost of selling a home in the US is approximately 10 – 15 percent of your home’s sale price. Your realtor uses the MLS to obtain information on three or four homes currently on the market or those that have recently sold in your neighborhood. Almost always, the seller pays the total commission cost. Home repairs.

Seller concession 71

Seller concession Inspection Staging Closing costs 71

HomeLight

APRIL 27, 2023

When the time comes to move, some tenacious homeowners in Kentucky are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 95

MLS Agents Sales Mortgage pre-approval letter 95

HomeLight

APRIL 13, 2023

When the time comes to move, some tenacious homeowners in Kansas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Note: Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale. That 6% is deducted from the seller’s proceeds at closing.

MLS 105

MLS Agents Sales Mortgage pre-approval letter 105

HomeLight

SEPTEMBER 30, 2021

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. If they are unwilling to budge on price, you can also renegotiate seller concessions.

Pre-approval 98

Pre-approval Seller concession Finance Banks 98

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in Louisiana are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 105

MLS Agents Sales Land 105

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. With millions of homes sold each year, a modest portion of sellers — about 7% in the last few years — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110

HomeLight

APRIL 26, 2023

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Alabama. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 97

MLS Agents Sales Closing 97

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in Oregon are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 105

MLS Agents Sales Inspection 105

HomeLight

DECEMBER 8, 2022

When the time comes to move, some tenacious homeowners in Washington State are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 105

MLS Agents Sales Inspection 105

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. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102

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. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

NOVEMBER 23, 2022

When the time comes to move, some tenacious homeowners in West Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 104

MLS Agents Sales Closing 104

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. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 103

Purchase and sale agreement MLS Pre-approval Agents 103

HomeLight

APRIL 11, 2023

Colorado Springs The median sale price in Colorado Springs was $465,000 in February 2023 , with homes staying on the market for an average of 54 days, up 122.4% Last year saw seven months where homes sold for below the average sale price, with homes that sold in November selling for 13.47% below average. from February 2022.

Fixed-rate mortgage 105

Fixed-rate mortgage Seller concession Agents Sales 105

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. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement 103

Purchase and sale agreement MLS Agents Pre-approval 103

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Illinois are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 102

MLS Agents Sales Mortgage pre-approval letter 102

The Close

FEBRUARY 20, 2024

Preparation and presentation: Sellers should focus on depersonalizing and decluttering their homes to appeal to a wide range of buyers. This phenomenon means there are fewer buyers than there are homes for sale. What Is a Seller’s Market? Key Takeaways: Sellers’ advantage: Sellers have the upper hand due to limited supply.

Marketing 98

Marketing Debt-to-income ratio MLS Pre-approval 98

HomeLight

MARCH 19, 2022

An above-average sale-to-list price ratio (meaning they on average fetch more for their sellers than their peers). Work With a Top Real Estate Agent for a Great Home Sale. Your agent should also provide an overview of the entire sales process so you’re ready for next steps. Selling in your price point. An all-cash offer.

Closing 105

Closing Due diligence Staging Agents 105

Realty Biz

JANUARY 19, 2024

They have access to the Multiple Listing Service (MLS) and can help you find homes that may not be readily available to the public. Your real estate agent will guide you through the process and help you determine a competitive offer price based on market conditions and comparable sales in the area.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100