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Selling Your Home
April 1, 2024

Seller Concessions: A Seller's Cheat Sheet for Quick Home Transactions

Seller Concessions: A Seller's Cheat Sheet for Quick Home Transactions

๐Ÿก๐Ÿ’ก Seller Concession Decoder Ring: Unlock the Mystery of Closing Costs! ๐Ÿ’ก๐Ÿก

Ever felt like you needed a Rosetta Stone to decipher the cryptic language of real estate transactions? Fear not! I've got a nifty little cheat sheet that's going to make you the Indiana Jones of real estate!

๐Ÿค” What on Earth are Seller Concessions?

In the treasure hunt of selling a home, 'seller concessions' are the shiny gold coins you offer to the buyer to help cover their closing costs. It's like a closing cost treasure chest that can include lender fees, title insurance, and even some upfront escrow costs!

 

๐Ÿ ๐Ÿ”‘ Here's the lowdown for a home listed at $550,000:

 

  • Conventional Loan (Your everyday, run-of-the-mill treasure map):
    • For Primary/Secondary Home: You could offer up to 9% if the buyer is putting down a treasure chest of 25% or more.
    • Investment Property: You can chip in up to 2% if the buyer's buried treasure (down payment) is 15% or more.
  • FHA Loan (For the first-time treasure hunters):
    • Primary Home: You can contribute a bountiful 6% - that's a hearty piece of the pie!
  • VA Loan (For our home-buying heroes):
    • Primary Home: Go wild! The sky's the limit. (But 4% is a good reference point if you're looking for a number!)
  • USDA Loan (Yes, it's not just about steak):
    • Primary Home: A healthy 6% contribution can be offered here too - talk about homegrown generosity!

 

 

 

Remember, these are just guidelines to start you on your quest. Every treasure hunt has its own set of twists and turns, so make sure you consult with a trusty guide (like yours truly! ๐Ÿ˜‰) before you draw up the map.

๐Ÿ’ฌ Questions? Curiosities? Want to know more about how these concessions can help sell your home faster than you can say "Open Sesame"? Drop me a message or call me – I’m here to turn those complex scrolls into a simple walk in the park!

 

Ready to Explore Your Home's Potential in Oviedo and Orlando?

Whether you're considering selling your home or simply curious about its current value in today's market, I'm here to provide the insights and assistance you need.

  • Get in Touch: Click here to send me a message directly. I'm ready to answer all your questions and guide you through the selling process.
  • Discover Your Home's Value: Interested in finding out what your home could be worth? Click here for a free home valuation. 

Mandi, Your Trusted Orlando Real Estate Expert

Your journey to a successful home sale starts here. Contact me today for expert guidance tailored to your unique Oviedo and Orlando home.

 

 

Oviedo, FL, and Orlando, FL

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