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At the closing table when all funds from the sale/purchase of the home are exchanged.
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∙ 17y ago
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Is it a good idea to do sellers concession?
How desperate are you to sell? It all depends on what is being asked, how much it will cost and whether you think the next buyer will make those same demands.
Can you get sellers concession on short sale?
Yes, but the amount of the concession depends on the type of short sale. An FHA Short Sale (under the HUD Pre-foreclosure Sale Program) can include up to a 1% seller concession only if the Buyer is utilizing FHA financing in the purchase. A HAFA Short Sale will allow a seller concession, but the amount depends on the proposed net proceeds to the mortgage servicer.
Are there any advantage to the seller that does a sellers consetion?
Many time a potential buyer does not have the funds for a downpayment and the closing costs. The seller will give money back to the buyer at the closing to cover these costs. In most cases, the seller is mainly concerned with what they are netting..meaning how much money they are actually walking away with. A Seller's Concession is a tool to help a potential buyer qualify to purchase. Assuming the home appraises out there is very little impact on the seller
How does a business accept net 30?
This means payment for a purchase is due in 30 days, net of any discount due the buyer. Buyers would accept it because it delays payment and obtains a discount concession for timely payment. Sellers accept it because they want to make the sale and these are typical terms of payment in their industry.
If a co-buyer is on the contract and is making the payments does the co-buyer receive the credit points or does the buyer?
Both the co-buyer and the buyer get the credit and the blame if the loan is not paid. Co-signing on the loan is the same as getting the loan.
Is it a good idea to do sellers concession?
How desperate are you to sell? It all depends on what is being asked, how much it will cost and whether you think the next buyer will make those same demands.
Can you get sellers concession on short sale?
Yes, but the amount of the concession depends on the type of short sale. An FHA Short Sale (under the HUD Pre-foreclosure Sale Program) can include up to a 1% seller concession only if the Buyer is utilizing FHA financing in the purchase. A HAFA Short Sale will allow a seller concession, but the amount depends on the proposed net proceeds to the mortgage servicer.
If in a market there is one buyer and many sellers then what is it called?
A buyer's market is when there are few buyers and many sellers. If the opposite is true, then it's called a seller's market.
Does the buyer have to pay capital gains on the seller's concession if the property in question is for investment and not primary residence?
No!
In economic terms what does market mean?
the coming together of a buyer and seller
How are car buyer different then car sellers?
A car buyer is actually the ones who will buy a car from a car seller.
When there is one buyer and many sellers in a market - what is this situation called?
Monopsony
Are there any advantage to the seller that does a sellers consetion?
Many time a potential buyer does not have the funds for a downpayment and the closing costs. The seller will give money back to the buyer at the closing to cover these costs. In most cases, the seller is mainly concerned with what they are netting..meaning how much money they are actually walking away with. A Seller's Concession is a tool to help a potential buyer qualify to purchase. Assuming the home appraises out there is very little impact on the seller
What is a static market?
A static market where one buyer faces a whole load of sellers.
Does a co buyer have rights to the auto loan payments?
The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.
Where is the market located?
market is not a place, its a situation. when tere is a buyer with willingness and capablity and sellers willing to sell that is market,but both buyers and sellers has to be more then one
How does a business accept net 30?
This means payment for a purchase is due in 30 days, net of any discount due the buyer. Buyers would accept it because it delays payment and obtains a discount concession for timely payment. Sellers accept it because they want to make the sale and these are typical terms of payment in their industry.
