HomeLight

OCTOBER 30, 2020

You’ll also need to factor in any fees for staging and preparing the house for sale, your real estate agent commission , closing fees, seller concessions, and moving costs. If your sale proceeds won’t cut it, the next question is whether you could bring money to the table to cover those costs.

Short sale 104

Short sale Banks Equity Mortgages 104

HomeLight

JULY 25, 2022

Choose a short sale: If you’re behind on your mortgage payments or owe more than the home’s current value, you may want to think about a short sale as a way to avoid foreclosure. That can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Seller concessions (2%-6%).

Closing costs 99

Closing costs Equity Short sale Sales 99

HomeLight

JULY 25, 2022

Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Closing fees to sell, which include title fees, transfer taxes, escrow fees, recording fees, and prorated property taxes (1%-3% of the sale price). Seller concessions (2%-6%). Overlap costs (1%-2%).

Closing costs 102

Closing costs Equity Short sale Agents 102

HomeLight

MARCH 19, 2022

Few (or zero) repair requests, contingencies , or seller concessions. They do this by: Researching outlier comps to include or exclude (Foreclosures, short sales, etc.). Evaluating the impact of market trends on pricing (Listing just under market value to spark bidding war in seller’s market, etc.).

Closing 101

Closing Due diligence Agents Staging 101