Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 419

Finance Seller concession Loan Officer Loans 419

Housing Wire

AUGUST 25, 2022

The company also launched temporary rate buydowns, which allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages 385

Mortgages Equity Loans Seller concession 385

Realtor.com

DECEMBER 10, 2020

Make sure to attend and review the findings of the home inspection,” says Steve Kaminski , head of residential lending at TD Bank. “It’s Title insurance, for example, can be costly, so ask your lender about getting multiple quotes.”. Then ask about other fees that might be negotiable. The post Let’s Make a Deal!

Closing costs 142

Closing costs Inspection Closing Rent back 142

HomeLight

OCTOBER 18, 2022

1% to 2% of sale price (negotiable between buyer and seller ). Title fees. Megan’s Law Disclosure require sellers to let a buyer know that information about the location of registered sex offenders is available from local law enforcement agencies and on the state-operated website. Residential Earthquake Hazards Report (pg.

Purchase and sale agreement 87

Purchase and sale agreement Inspection Closing costs Staging 87

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Since South Carolina is not a “ Caveat Emptor ” or “buyer beware” state, a residential property seller is generally required to disclose the condition of the home to the buyer. Marketing your home is time-consuming.

Purchase and sale agreement 74

Purchase and sale agreement MLS Pre-approval Agents 74

HomeLight

DECEMBER 8, 2022

Not having agent representation could also lead to paying more in seller concessions. Even agents deal with delayed contracts because of inspection or title issues or other problems. In Washington State, a residential property seller is generally required to disclose the condition of the home to the buyer.

MLS 84

MLS Agents Sales Closing 84

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. In Louisiana, a residential property seller is generally required to disclose the condition of the home to the buyer before they make an offer. Johnson says, “You don’t need an attorney, but you may get one if you want to get the title.

MLS 83

MLS Agents Sales Land 83