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What is a 2-1 temporary rate buydown?

Housing Wire

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. How does a 2/1 rate buydown work? What are the pros and cons?

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Home improvements and renovations are also important to buyers. Seller Concessions. A concession is when the seller agrees to pay part of a buyer’s closing costs.

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What is a home appraisal gap?

Housing Wire

Four renovations to consider before selling your house. Ask for seller concessions to make up for the increased price. Change your closing date to a more convenient one for the seller. But what does it mean for you as the buyer? Well, there are two scenarios you could find yourself in. More for Real Estate Enthusiasts.

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A 2-1 temporary rate buydown can help you with on-the-fence buyers

Real Trends

A 2-1 buydown can be paid for by the homebuyer or the home seller can pay for it as a seller concession. A 2-1 buydown as a seller concession can sometimes make it easier and faster for home sellers to sell their home for a good price. How does a 2/1 rate buydown work? What are the pros and cons?

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

Gather repair and renovation records. If you’ve lived in your home for a significant length of time, chances are you have the records or receipts for appliance repairs and upgrades, renovations big and small, as well as services to your HVAC and fireplace. That’s why agents may recommend light renovation projects. Escrow fees.

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New Study Finds Seller’s Market May Shift in 2021

Realty Biz

Other families are opting to stay put instead of moving and are instead using their budget to renovate the home they have. Make the strongest above-ask offer you can make, cash if possible, and free of seller concessions or other contingencies. Of those sellers, 77% say they plan to sell sometime in 2021.

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A Guide On How To Sell Your House Fast

Redfin

In addition to real estate commissions, you may also have to pay for: Repair and renovation. Seller concessions. If you’re looking for certain interior features or more space, it may make more sense to renovate your current house. Plus qualifying renovation costs are tax-deductible. Landscaping and lawn care.

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