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.
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.
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.
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.
At the closing table when all funds from the sale/purchase of the home are exchanged.
is seller concession a tax deduction for me the seller
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.
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.
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
higher concession prices
Keep buyers and sellers into contact
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.
Concession.
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.
The commodity exchanges are organizations that are owned by their members for the purpose of bringing buyers and sellers together
Concession letter
At the closing table when all funds from the sale/purchase of the home are exchanged.
Made a concession: yielded.