seller concessions: What is Seller Concessions?
- 02/23/15 06:27 AM
What is Seller Concessions? Seller concessions are when a home buyer asks the home seller to pay costs on the home buyer’s behalf. These costs could include: Title insurance, processing, origination, inspection fees and transfer taxes. For the buyer, the more costs a seller is willing to assume, the more they’ll be able to put down on their new mortgage, allowing them to save money on their payment. For the seller, bringing money for seller concessions is a great way to get their home sold fast. And if the seller already has another home, getting rid of an extra mortgage payment can … (1 comments)
seller concessions: Closing Costs
- 11/26/10 11:44 PM
This is an excerpt from the new book, "Finding New Neighbors" Closing costs are going to be required on any financed real estate purchase. Closing costs consist of a multiple of elements from origination fees from the lender, appraisal fees, pro-rated taxes, broker compliance charges, lender processing fees, underwriting requirements and charges, tax escrows and other specific items all detailed within the estimated proceeds page from the lender and/or Title Company. Typically these costs range from 3% to 6% of the total purchase price, depending on the level of the purchase value and the mortgage company requirements. Closing cost figures will … (0 comments)
What is Seller Concessions? 
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