Realtor.com

NOVEMBER 15, 2022

One type of incentive that buyers—and sellers—can use is called seller concessions. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. How do seller concessions work?

Seller concession 121

Seller concession Purchase and sale agreement Closing costs Title search 121

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 438

VA loan Agents Seller concession FHA loan 438

HomeLight

MAY 3, 2023

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

Seller concession 107

Seller concession Purchase and sale agreement Inspection Title 107

HomeLight

MARCH 31, 2021

The last thing you want is sticker shock when you review these subtractions in your seller’s settlement statement. The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. Seller’s closing costs in Georgia. We often encourage [sellers] to keep an eye on that.

Closing costs 93

Closing costs Closing Purchase and sale agreement Title search 93