Housing Wire

MARCH 13, 2024

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.

Seller concession

Housing Wire

AUGUST 14, 2024

Harvey typically charges sellers a few hundred dollars to list their property on the MLS and will charge a 0.25% commission when the home successfully sells. He sees his role in the transaction as simply ensuring the seller stays in compliance with laws and regulations.

Agents

RIS Media

JULY 30, 2024

In May 2024, the California Regional MLS (CRMLS) launched a new feature on its website called, “Concessions in Price.” This allowed listing agents to input and advertise the concessions, and contributions to the buyer’s cost burden, that their seller is willing to make.

Seller concession

Housing Wire

MARCH 15, 2024

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.

Industrial

Housing Wire

SEPTEMBER 18, 2024

Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. We weren’t named in the litigation, we weren’t named in the copycat cases and we didn’t have the mandated rules that were named in the litigation,” said Jeremy Crawford, president and CEO of First MLS. “So,

MLS

Housing Wire

APRIL 15, 2024

If the settlement is approved by the court, although agents and home sellers will not be able to list offers of compensation on the MLS, home sellers may still offer to cover the buyer’s agent fees if they so choose. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Agents

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

Inman

JULY 29, 2024

California Regional MLS will continue to allow agents to indicate whether sellers will consider concessions but will no longer have the option to specify a dollar amount or percentage.

Seller concession

Housing Wire

NOVEMBER 20, 2023

Enter the savvy seller. Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. They’re still here and not going anywhere.

Pre-approval

Inman

MAY 29, 2024

The change allows listings in the California Regional Multiple Listing Service to display whether a homeseller is willing to offer concessions in price — including to cover broker fees.

Seller concession

Housing Wire

AUGUST 19, 2024

While some firms — including eXp Realty , Lamacchia Realty and NextHome — are not engaging in cooperative compensation on their listings, other agents like Lindsay Pettinelli still plan to offer it if their seller agrees to it. Why would we not disclose that info in MLS? How is that protecting buyers?”

Purchase and sale agreement

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

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Seller concession

RIS Media

MAY 30, 2024

Beyond the policy changes required by the NAR settlement, Bright MLS has announced a set of system changes to ease subscriber use to help them navigate through the upcoming new normal.

MLS

Inman

MAY 30, 2024

In response to NAR's proposed settlement, the nation's second largest MLS will add data fields on June 11 allowing sellers to signal they're willing to offer buyer concessions when they list a home.

MLS

Inman

JULY 18, 2024

The attorney and broker dives into the nuances of seller concessions, steering, buyer agents' jobs, and avoiding future antitrust trouble ahead of his appearances at Inman Connect Las Vegas.

Seller concession

Inman

JANUARY 26, 2024

At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements.

MLS

HomeLight

JANUARY 29, 2021

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. MLS listing fee. Mortgage pay off.

Closing costs

BAM Media

OCTOBER 21, 2024

Limited-Service Listing Agreement : Homeowner engages one agent for limited services, such as MLS listing, but not for full service like negotiations. The listing agreement conversation should include local requirements related to MLS listings as well as seller concessions.

Seller concession

HomeLight

JULY 25, 2022

When it’s time to negotiate, they’ll know which seller concessions are common in your market. You’re only paying for a service of getting your home on the MLS.” Do you know the laws in your state for seller’s disclosures ? What is the difference between a flat fee Realtor® and a flat fee MLS?

MLS

HomeLight

MARCH 13, 2022

Disclaimer : While this is a general guide, rules concerning FSBO sales and yard signs may vary state-by-state or even from MLS to MLS, while each state has its own regulations for what sellers are required to disclose to buyers. Not having agent representation could also lead to paying more in seller concessions.

MLS

HomeLight

OCTOBER 11, 2022

In a study by Bright MLS , MLS-listed homes went under contract in an average of 11 days compared to 31 days for off-MLS homes, such as FSBO properties, which eventually ended up being promoted through the MLS. Not having agent representation could also lead to paying more in seller concessions.

Purchase and sale agreement

HomeLight

FEBRUARY 19, 2023

With the multiple listing service (MLS) at their fingertips, a real estate agent can run a comparative market analysis (CMA), which will come up with an estimated selling price for a home based on three to five comparable homes in the area that have sold recently. Or perhaps there were seller concessions that weren’t included in the price.

MLS

Redfin

JULY 26, 2021

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 seller concessions . Seller concessions are often market-driven. Any seller concessions.

Seller concession

HomeLight

OCTOBER 11, 2022

Not having agent representation could also lead to paying more in seller concessions. To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) -– a platform agents use to share properties with one another as well as major real estate sites. Not willing to pay for the MLS?

Purchase and sale agreement

HomeLight

APRIL 27, 2023

FSBO sellers generally put a yard sign up with their name and phone number on it, and they may also advertise online on a FSBO website, pay a flat fee service to advertise on the MLS , and list their home in some online classifieds and social media sites. When you list in the MLS, you must include a buyer’s commission.

MLS

HomeLight

MAY 25, 2023

Sellers should also consider things like whether or not their HOA will allow yard signs (many don’t!) or if they can put their house on the multiple listing service (MLS). Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s commission.

MLS

HomeLight

MAY 1, 2023

This includes finding a way to get the home listed on the MLS (multiple listing service), any social media advertising, and even the “for sale” signs for your home, all of which have specific rules and best practices. Not having agent representation could also lead to paying more in seller concessions.

MLS

HomeLight

MAY 1, 2023

Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s commission. If you choose not to list in the MLS so you can forgo the buyer commission, you’ll seriously limit the exposure your home will get. Not willing to pay for the MLS?

MLS

HomeLight

APRIL 27, 2023

In a study by Bright MLS , MLS-listed homes went under contract in an average of 11 days compared to 31 days for off-MLS homes, such as FSBO properties, which eventually ended up being promoted through the MLS. Not having agent representation could also lead to paying more in seller concessions.

MLS

HomeLight

DECEMBER 13, 2022

In a study by Bright MLS , MLS-listed homes went under contract in an average of 11 days compared to 31 days for off-MLS homes, such as FSBO properties, which eventually ended up being promoted through the MLS. Not having agent representation could also lead to paying more in seller concessions.

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2021

If they are unwilling to budge on price, you can also renegotiate seller concessions. MLS printouts of these comps with sales data and seller concessions. Once the home has appraised lower than their listing price or your offer, it’s likely to appraise low again.

Pre-approval

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s agent commission. If you choose not to list in the MLS so you can forgo the buyer’s agent commission, you’ll seriously limit the exposure your home will get.

MLS

HomeLight

APRIL 13, 2023

Not having agent representation could also lead to paying more in seller concessions. When you list in the MLS, you must include a buyer’s commission. If you choose not to list in the MLS so you can forego the buyer commission, you’ll seriously limit the exposure your home will get. Not willing to pay for the MLS?

MLS

HomeLight

OCTOBER 1, 2022

Not having agent representation could also lead to paying more in seller concessions. To give your home the most exposure, pay to have your home put on your local MLS ( multiple listing service ) — a platform agents use to share properties with one another as well as major real estate sites. Not willing to pay for the MLS?

MLS

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. The internet has changed how people shop for houses, but it also changed how agents look up houses in the MLS. Only licensed real estate agents and brokers who are MLS members can post to the MLS. Not willing to pay for the MLS?

MLS

The Close

FEBRUARY 20, 2024

I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. It’s easy to sketch out an area in the MLS and do some quick napkin math to find out the months of inventory. The first would be your local MLS.

Marketing