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Survey Finds Seller Concessions Are Making a Comeback in Some Markets

RIS Media

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.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. 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.

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‘Don’t panic:’ KW executives address agent questions on NAR commission settlement

Housing Wire

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.

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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

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.

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What are the Pros and Cons of Flat Fee Real Estate Brokers?

HomeLight

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 102
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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

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.

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Opinion: In a digital world, do real estate agents serve a purpose?

Housing Wire

The theory is further dependent on every seller returning to each site following the sale to accurately enter the final sales price AND all seller concessions. Here’s a fact: tax records are frequently inaccurate on the actual sales price, and they never account for seller concessions.