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 128

Seller concession Marketing MLS Agents 128

Broke Agent Media

MARCH 16, 2023

BAM Key Details: A new Redfin report shows over 45% of sellers giving concessions to incentivize buyers, with a record 13% of sales involving both price cuts and concessions. Pandemic boomtowns, led by Seattle, have seen the biggest increases in seller concessions, which are most common in Las Vegas at 51.6%

Seller concession 98

Seller concession Closing costs Sales Mortgages 98

Maximum Exposure Real Estate

JANUARY 4, 2023

The post Seller Concessions: What is a Seller Concession and How Do They Work appeared first on Maximum Real Estate Exposure. Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make […].

Seller concession 98

Seller concession Closing costs Finance Closing 98

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?

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Seller concession Purchase and sale agreement Closing costs Title search 121

Realty Biz

JUNE 22, 2021

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

Seller concession 128

Seller concession Closing costs Purchase and sale agreement Closing 128

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 176

Seller concession MLS Agents 176

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 172

Seller concession MLS Brokerage Agents 172

Real Trends

APRIL 11, 2023

To think outside the box, some Realtors began using seller concessions. Whereas seller concessions make the home-buying process more affordable and exciting for potential buyers, while also maintaining the home and the community’s value. In some areas of the U.S., So, what do you do?

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Broke Agent Media

MAY 31, 2023

of home sales during the three months ending April 30 involved seller concessions—just under February’s record high of 45.6% While sellers in some parts of the U.S. are offering freebies to attract buyers, thanks to the dampening effect of high mortgage rates, sellers in markets with severe housing shortages don’t need to.

Seller concession 52

Seller concession Closing costs Sales Mortgages 52

Maximum Exposure Real Estate

JUNE 7, 2021

The post Seller’s Concessions: What is a Seller Concession and How Do They Work appeared first on Massachusetts Real Estate Exposure. Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make purchasing the home […].

Seller concession 144

Seller concession Closing costs Finance Closing 144

The Mortgage Report

JULY 31, 2020

A seller concession is an agreement where the home seller pays the buyer's closing costs. Learn how seller concessions work here.

Seller concession 115

Seller concession Closing costs Closing Mortgages 115

Real Estate News

APRIL 20, 2024

The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.

Seller concession 287

Seller concession 287

Housing Wire

NOVEMBER 1, 2022

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?

Seller concession 451

Seller concession Loan Officer Closing costs Mortgages 451

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 172

Seller concession Industrial Agents MLS 172

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. We do not want to, as we already have a vehicle through the sellers’ concession. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 509

Industrial Seller concession Purchase and sale agreement Agents 509

Housing Wire

NOVEMBER 16, 2022

With the seller-paid version, seller concessions, which are closing costs the seller agrees to pay, are deposited as a lump sum into the buydown account. The temporarily lower rate is made possible by a lump sum that is deposited into a buydown account. Presented by: Flagstar. primary home purchases.

Seller concession 388

Seller concession Mortgages Fixed-rate mortgage Loans 388

Housing Wire

AUGUST 27, 2024

” In late July, the California Regional MLS (CRMLS) announced that it would be removing the seller concessions-in-price data field from its platform. The field allowed listing agents and brokers to note how much a seller was willing to contribute toward the buyer’s transaction costs, including the buyer broker fee.

MLS 417

MLS Seller concession Agents Industrial 417

Housing Wire

JUNE 10, 2021

From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Seller Concessions. A concession is when the seller agrees to pay part of a buyer’s closing costs. Are you thinking about selling your home?

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Housing Wire

JANUARY 17, 2024

Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.

Finance 468

Finance Seller concession Loan Officer Loans 468

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 194

Seller concession MLS Brokerage Agents 194

Housing Wire

JULY 18, 2024

The watchdog group also recommends that both the broker and the buyer should be able to terminate the agreement at any time without a fee; that buyers should not be required to go into mediation or arbitration if there is a dispute; and that any seller concessions should go to buyers, not brokers, to use how they see fit.

Seller concession 487

Seller concession Agents Industrial Closing 487

Housing Wire

AUGUST 14, 2024

While Saphire can’t completely step away from discussions of buyer broker commissions, especially since he operates in MLS PIN, which did not opt into NAR’s settlement and is still allowing offers of cooperative compensation on its site, he is doing his best to make sure his sellers are fully in the driver’s seat when it comes to commissions.

Agents 430

Agents Seller concession MLS As-is 430

Housing Wire

APRIL 15, 2024

CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Agents 531

Agents Seller concession VA loan Finance 531

Lighter Side of Real Estate

JANUARY 11, 2023

There’s less competition from other buyers, sellers are willing to negotiate on price, you don’t have to waive inspections as often, and you stand a good chance at having a seller offer you money for repairs, closing costs, and/or a mortgage-rate buy-down.

Seller concession 84

Seller concession Closing costs Inspection Mortgages 84

Housing Wire

MARCH 25, 2024

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. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Purchase and sale agreement 451

Purchase and sale agreement Agents Seller concession MLS 451

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

VA loan 468

VA loan Agents Seller concession FHA loan 468

RIS Media

FEBRUARY 29, 2024

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. Negotiations can include the purchase price, closing costs and contingencies.

Seller concession 129

Seller concession Closing costs Closing As-is 129

Housing Wire

OCTOBER 21, 2022

Lenders, including United Wholesale Mortgage and Rocket Mortgage Pro TPO , launched temporary rate buydowns that allow borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Rocket launched a similar product in September.

Seller concession 370

Seller concession Mortgages Loans Finance 370

Housing Wire

MAY 30, 2024

Ahead of these changes, Bright MLS will introduce a new field for seller concessions on June 11. Agents will be able to indicate whether a seller offers concessions and specify the amount in dollars. This field is negotiable and not mandatory.

MLS 430

MLS Seller concession Agents As-is 430

Housing Wire

MAY 14, 2024

More than 80% of recent buyers asked for at least one seller concession. The most frequently mentioned concessions were a lower asking price, funds to make repairs, and the ability to keep existing appliances or furniture.

Seller concession 475

Seller concession Agents Brokerage Mortgages 475

RIS Media

MAY 30, 2024

Similar to CRMLS’ newly announced system field changes referring to Concessions in Price, Bright has announced that they will be including seller concessions in… The post Bright MLS Unveils System Changes for the Post-NAR Settlement Industry appeared first on RISMedia.

MLS 126

MLS Seller concession Industrial Technology 126

HomeLight

FEBRUARY 16, 2024

Limit or eliminate seller concession requests When crafting an offer that stands out, minimizing or completely avoiding requests for seller concessions can significantly boost your chances. This proactive approach ensures you’re seen as a serious buyer and can make your offer more appealing than a contingent one.

Pre-qualification 115

Pre-qualification Seller concession Pre-approval Closing costs 115

Housing Wire

AUGUST 24, 2022

Last week, it launched temporary rate buydowns , allowing borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. . The lender also announced that it has raised its VA jumbo loan limit from $2 million to $4 million, effective immediately.

Seller concession 388

Seller concession Equity Loans Mortgages 388

Housing Wire

MAY 20, 2024

Similarly, the seller agreement would state the services provided by the listing broker, their compensation and whether the listing broker is authorized to offer compensation to buyer brokers or advertise seller concessions to buyers.

Purchase and sale agreement 449

Purchase and sale agreement Agents Seller concession Closing costs 449

Housing Wire

JANUARY 25, 2023

According to Redfin, San Diego and Phoenix are among the most popular markets for seller concessions. These concessions include offering buyers money for home repairs and mortgage-rate buydowns as homeowners continue to sell homes for below the asking price.

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Seller concession Investor Mortgages Land 403

Housing Wire

JULY 4, 2024

Historically, interest rates are not as extreme as they seem, and with proper guidance, potential buyers can still find manageable financing options with lower down payments, down payment assistance and the potential for seller concessions to help cover agent commissions and closing costs.

Pre-qualification 460

Pre-qualification Pre-approval Seller concession Finance 460

Housing Wire

NOVEMBER 20, 2023

An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing. Imagine a first-time , low income or underserved buyer that is purchasing a $250,000 home.

Pre-approval 468

Pre-approval Loan Officer Agents Seller concession 468