0
Seller-paid concessions, when used properly, can mean the difference between closing a home sale and losing one. A concession is anything of value added to the transaction by the seller, builder, developer, salesperson or any interested party. A concession may also include any closing costs that would normally be paid by the buyer or cash given to the buyer to lower non-housing debts. Funds received from a relative to assist with a home purchase, or cash contributed from an employer as part of a corporate transfer are not considered seller concessions.
What else can I help you with?
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.
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.
Is Sellers Shield worth the investment for sellers?
Sellers Shield can be worth the investment for sellers because it provides liability protection and helps reduce the risk of legal disputes during a home sale.
When does a buyer receive the seller's concession?
At the closing table when all funds from the sale/purchase of the home are exchanged.
Is the seller concession tax deductible?
is seller concession a tax deduction for me the seller
What is the meaning of concession?
A concession is when someone is granted access to a portion of land for a specific purpose. Like how a concession stand is OK to sell hot dogs in a stadium for example.
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.
Where could I get a concession truck?
Custom Concessions has many different options for concession trucks as well as some specifically designed for the vending of hot dogs. Their home page is: http://www.customconcessions.com/custom-concession-trailers.php
What did home theatre mean for the popularity of the cinema?
higher concession prices
What is the purpose of a market system?
Keep buyers and sellers into contact
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.
What is the past participle for concession?
Concession.
Is Sellers Shield worth the investment for sellers?
Sellers Shield can be worth the investment for sellers because it provides liability protection and helps reduce the risk of legal disputes during a home sale.
What purpose do commodity exchanges serve?
The commodity exchanges are organizations that are owned by their members for the purpose of bringing buyers and sellers together
Sample letter on how to apply for a concession?
Concession letter
When does a buyer receive the seller's concession?
At the closing table when all funds from the sale/purchase of the home are exchanged.
What is Conceding?
Made a concession: yielded.
