Seller concession Related Topics 
Housing Wire
JULY 30, 2024
California Regional MLS (CRMLS) has decided to remove fields listing seller concessions from its platform. Additionally, CAR’s updated RLA form does not include any references to seller concessions. This change came after the Department of Justice launched an inquiry into CAR’s forms.
Housing Wire
AUGUST 17, 2022
United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that 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.
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Housing Wire
APRIL 21, 2025
of sellers offered concessions in Q1 2025 the highest share among the 24 major U.S. More discount-concession combos A growing number of sellers are combining concessions with price cuts or accepting offers below asking price. involved a price cut and a concession (up from 13%) 9.9% In Seattle , 71.3%
Housing Wire
JANUARY 11, 2023
And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. “It seems like, with every small drop in interest rate, the homebuyer’s interest picks up a little bit.
Housing Wire
JANUARY 10, 2023
of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. A new Redfin report found a record 41.9%
Housing Wire
MAY 22, 2025
Lower list prices : As homes sit on the market, sellers are more likely to cut prices or list below comparable properties to attract offers. These are often ripe for negotiation, including price reductions or seller concessions like rate buydowns or repair credits.
Housing Wire
JUNE 9, 2025
It’s not uncommon for a buyer to get a home for 5% less than the list price and $10,000 in seller concessions.” “It has absolutely shifted to a buyer’s market, which means house hunters have a lot more options — and room to negotiate,” said Tim Harper, a Redfin agent in Daytona Beach, Florida.
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