I'm a new agent with a year on the business, I have sold 6 houses.. but my broker offers No zero training.. all I know it's from seminars that I'm taking on my own and all my transactions have been really hard.. I've been looking for someone in TH-cam to educate me and help me understand! Thank you.. I FOUND YOU😭😊❣️
Especially in multiple offers situations, knowing what is important to the seller such as closing date, possession date and being able to meet their need can be more attractive than a higher offer.
First time buyer, the current pandemic situation has changed what we are able to qualify for, the money we thought would cover closing costs now has to be added to our down payment. Our only option to go forward is to ask for seller concession. Thank you for this video, it makes me feel better knowing seller contribution it’s a super rare thing to ask for.
Glad it was helpful! Hope you find an amazing house. Just double-check with your agent about the market you’re in, because each market can be different. But as a whole, it’s pretty common.
Great information! My fiancé and I are currently looking for a home. We've found one we love and are nervous there may be multiple offers. But hopefully with asking our agent to reach out to them with the questions you've provided, they are will to accept a seller concession. Thank you for explaining!!!
Hey great info thank you so much. I am having a hard time finding which video you mentioned that covers how to find how many people in my zip got seller concessions!
Hi, thanks! I did a video highlighting a few of my local zip codes. Are you an agent or homeowner/buyer? A local agent (in most areas) can look it up for you.
Great info I went to a Morgage broker and she wrote Sellers Concessions on the paper she used to help me figure out my gane plan. Noe I'm doing my research on what it is
You’re welcome. Thank you for the feedback! There is another video called “disadvantages of seller contribution” that I might do a better job closing if you want to let me know what you think.
This has helped a lot. My wife and I are n the middle of purchasing and our agent stated she never dealt with seller concession in all her years of being an agent. We have lost out on 4 homes because of this. What can a buyer do on their own outside of letting go of our agent?
Have your agent find out what the seller wants. If sellers are getting multiple offers, oftentimes ones with seller contribution go to the bottom of the pile. Have you tried new construction? You aren’t bidding against anyone there.
If I had the option to get seller concessions on anything would it be better for Buying down rate, lowering the Listing price, or Covering Closing costs?
Hi, Peter, a lot of variables in there, like if you have closing costs covered already, how long you’ll be in the house and what rate you’re at now. If you have a lender, ask them to run the numbers on why that would look like to lower your rate vs lower price etc. It will be pretty clear when they show you the numbers.
I am selling a house by owner. I wonder how should I go about negotiating buyer realtor commission fee? Should I mention it first when he/she contacts me or should I wait after the buyer tours the house?
Be upfront and open minded about the structure of the commission as soon as you can. He or she will be doing many things in the background to help Facilitate the sale.
Hi Alisia, I have a question, I'm selling my rental income property, the house just when on the market for $160k I immediately got offers less than a week. My realtor called me to explain each offer. First offer is asking $2500 credit toward closing cost but buying my house at $157500 / 2nd offer is offering me to buy the house $165000 buyer is asking $5000 credit. My realtor is still young in the job and told me basically. the 2nd offer is better they will buy at $165k but really selling it to them at $160k, the $5k goes to them and do what ever they want with it. I paused. is this right, basically what the buyer wants is to finance it at $165 and my bottom line is $160k they keep the rest. Please explain this to me. Thanks
Hi, I’ll speak generally. Just like in the example in the video, if an offer is $165,000 with 5,000 seller contribution, the net offer would be $165k and the buyer is financing that amount so, financing that seller contribution.
The title search for the buyer is being done by the seller's lawfirn where she works as a paralegal. In that case, is it too crazy to ask the seller to pay all buyers closing cost?
Great question. It’s so specific it’s really hard to say because every state is different and every deal is different. I would ask “how much value does a title search bring to the other party?” How much are closing costs and is covering them typical for where you are, and the community the house is in. Hope that helps
just selling our first home. We are under contract and the inspection turned up some things that were unforseen. Like fixing a french door and all the framing under because of water damage. It turns out to be a $6000 fix. We are 30 days from the closing. Is it reasonable to offer that concession or more reasonable to do the fix ourselves in the middle of winter?
Congrats for being under contract! Without knowing the state you are in or any details, as long as it’s not a lender required repair, either of those scenarios seem reasonable. It just depends what the buyer and you prefer. As long as both parties agree. I’m sure your agent will find out what the buyer is requesting/prefers and you can go from there.
I just accepted an offer on my home, paying some of the buyers closing. Now my realtor thinks it might not assess for as much as we thought. Why wouldn't it be better to drop the price of the house instead. I already signed today to close, maybe a bad move. can I change the deal tomorrow? Thanks
Hi Ray, that is a questions really for the agent representing you as there are a lot of details I wouldn’t know on your specific agreement and communication.
New agent. what language do you use in your contingency in your contract? Would you simply write "Seller to provide $10,000 contribution to buyer"? if not how would write the request. I'm also assuming that the agreed upon concession would only be reflected in the Buyers Closing Documents after the contract is signed. Correct?
Hard to say not knowing what you’re dealing with, but in general if it’s not negotiated up front, there would be something to happen that would cause a request for a seller credit. Like, a repair was needed. It would not be something that all the sudden someone decides they want a credit just because.
I’m a seller in Virginia Beach, VA (23464) in the Alexandria division. Can you tell me if this market is hot and if seller concessions are or aren’t the norm? Thank you.
Hi, DAndre, very common in general Yet the hotter the property the less likely the seller contribution - especially if there are multiple offers. I know an amazing Virginia Beach agent if you want an introduction.
![ออกพรรษาน้ำตาหล่น - แอน อรดี [OFFICIAL MV]](http://i.ytimg.com/vi/PFZtOcY9ONA/mqdefault.jpg)
I'm a new agent with a year on the business, I have sold 6 houses.. but my broker offers No zero training.. all I know it's from seminars that I'm taking on my own and all my transactions have been really hard.. I've been looking for someone in TH-cam to educate me and help me understand! Thank you.. I FOUND YOU😭😊❣️
So glad you’re here! Glad the videos are helping!
Wow 6 houses in your 1st year 🎉🎉🎉
Especially in multiple offers situations, knowing what is important to the seller such as closing date, possession date and being able to meet their need can be more attractive than a higher offer.
100% other terms can be more attractive than price! Thanks for watching!
First time buyer, the current pandemic situation has changed what we are able to qualify for, the money we thought would cover closing costs now has to be added to our down payment. Our only option to go forward is to ask for seller concession. Thank you for this video, it makes me feel better knowing seller contribution it’s a super rare thing to ask for.
Glad it was helpful! Hope you find an amazing house. Just double-check with your agent about the market you’re in, because each market can be different. But as a whole, it’s pretty common.
Awesome explanation! Agent here from Florida 🙂
Thanks so much! What part of Florida? Headed to southwest Florida now.
I'm an agent and even though this video is a year old, it was extremely helpful for a situation I found myself in today.
That’s awesome to know! Thank you for watching and glad it helped!
Just stumbled upon your channel - love it
Glad you’re here! Thank you!
Great information! My fiancé and I are currently looking for a home. We've found one we love and are nervous there may be multiple offers. But hopefully with asking our agent to reach out to them with the questions you've provided, they are will to accept a seller concession. Thank you for explaining!!!
So glad it was helpful! Good luck, I hope you get the house!!!🤞🏻
I see how having an experienced agent helps. Thank you for explaining this. I hear about it a lot. I am normally a buyer. Subscribing.
Thanks for watching, Sherifa!
Great video😊
I'm a buyer. Info was very helpful!
So glad it was helpful!!
Hey great info thank you so much. I am having a hard time finding which video you mentioned that covers how to find how many people in my zip got seller concessions!
Hi, thanks! I did a video highlighting a few of my local zip codes. Are you an agent or homeowner/buyer? A local agent (in most areas) can look it up for you.
I'm a seller,,thank you, I'm closing today
You’re welcome! Congratulations!
Thank you for explaining this, great job!!!
Thanks, Linda! Hope it was helpful!
I'm hoping to become an agent soon! This video has been extremely helpful. Thanks so much!
You’re welcome! So
Glad it helped! What are will you cover?
How did it go, Rylie? Did you decide to get your license!
Great Tips as I’m starting this process 👛
Nice! On the homeowner side or soon to be homeowner?
So informative thank you ❤
You’re welcome. Thanks so much for watching!
Great info I went to a Morgage broker and she wrote Sellers Concessions on the paper she used to help me figure out my gane plan. Noe I'm doing my research on what it is
Awesome! Way to do your research.
Awesome video
Thanks
Buyer. Thanks for the info! Your video ended quite abruptly though. Maybe consider a closing segment of the video?
You’re welcome. Thank you for the feedback! There is another video called “disadvantages of seller contribution” that I might do a better job closing if you want to let me know what you think.
If you’re a homeowner, would you be open to a seller credit?
Breakdown of seller costs. Average Closing Costs For Seller: WHAT ARE CREDITS, COSTS TO SELL A HOUSE? th-cam.com/video/hKGPwlyO8HA/w-d-xo.html
buyer
This has helped a lot. My wife and I are n the middle of purchasing and our agent stated she never dealt with seller concession in all her years of being an agent. We have lost out on 4 homes because of this. What can a buyer do on their own outside of letting go of our agent?
Have your agent find out what the seller wants. If sellers are getting multiple offers, oftentimes ones with seller contribution go to the bottom of the pile. Have you tried new construction? You aren’t bidding against anyone there.
@@alisiakrastelcoach yes and know cus we want a little yard space..
Agent in St.Louis
Buyer
If I had the option to get seller concessions on anything would it be better for Buying down rate, lowering the Listing price, or Covering Closing costs?
Hi, Peter, a lot of variables in there, like if you have closing costs covered already, how long you’ll be in the house and what rate you’re at now. If you have a lender, ask them to run the numbers on why that would look like to lower your rate vs lower price etc. It will be pretty clear when they show you the numbers.
I am selling a house by owner. I wonder how should I go about negotiating buyer realtor commission fee? Should I mention it first when he/she contacts me or should I wait after the buyer tours the house?
Be upfront and open minded about the structure of the commission as soon as you can. He or she will be doing many things in the background to help
Facilitate the sale.
Hi Alisia, I have a question, I'm selling my rental income property, the house just when on the market for $160k I immediately got offers less than a week. My realtor called me to explain each offer. First offer is asking $2500 credit toward closing cost but buying my house at $157500 / 2nd offer is offering me to buy the house $165000 buyer is asking $5000 credit. My realtor is still young in the job and told me basically. the 2nd offer is better they will buy at $165k but really selling it to them at $160k, the $5k goes to them and do what ever they want with it. I paused. is this right, basically what the buyer wants is to finance it at $165 and my bottom line is $160k they keep the rest. Please explain this to me. Thanks
Hi, I’ll speak generally. Just like in the example in the video, if an offer is $165,000 with 5,000 seller contribution, the net offer would be $165k and the buyer is financing that amount so, financing that seller contribution.
I'm buying and selling with 5,000 seller's credit.
Thanks for sharing! What state are you buying and selling in?
The title search for the buyer is being done by the seller's lawfirn where she works as a paralegal. In that case, is it too crazy to ask the seller to pay all buyers closing cost?
Great question. It’s so specific it’s really hard to say because every state is different and every deal is different. I would ask “how much value does a title search bring to the other party?” How much are closing costs and is covering them typical for where you are, and the community the house is in. Hope that helps
just selling our first home. We are under contract and the inspection turned up some things that were unforseen. Like fixing a french door and all the framing under because of water damage. It turns out to be a $6000 fix. We are 30 days from the closing. Is it reasonable to offer that concession or more reasonable to do the fix ourselves in the middle of winter?
Congrats for being under contract! Without knowing the state you are in or any details, as long as it’s not a lender required repair, either of those scenarios seem reasonable. It just depends what the buyer and you prefer. As long as both parties agree. I’m sure your agent will find out what the buyer is requesting/prefers and you can go from there.
I just accepted an offer on my home, paying some of the buyers closing. Now my realtor thinks it might not assess for as much as we thought. Why wouldn't it be better to drop the price of the house instead. I already signed today to close, maybe a bad move. can I change the deal tomorrow?
Thanks
Hi Ray, that is a questions really for the agent representing you as there are a lot of details I wouldn’t know on your specific agreement and communication.
Agent ❤
Alisia-- Good Stuff ---I love your tips .I am a dopey agent :-) Whats important to the seller ? ! Key !
Thanks, Eli! So much easier to get a win for your client if you know what the other party is after, right?!
Seller
Great! Hope it’s a smooth transaction!
New agent. what language do you use in your contingency in your contract? Would you simply write "Seller to provide $10,000 contribution to buyer"? if not how would write the request. I'm also assuming that the agreed upon concession would only be reflected in the Buyers Closing Documents after the contract is signed. Correct?
Hi, in Maryland, we have an addend that addresses closing costs. We simply fill in the amount. Look to see if you have one.
@@alisiakrastelcoach I found it! thank you so much
Is it too late to ask for sellers concession if you’re already under contract
Hard to say not knowing what you’re dealing with, but in general if it’s not negotiated up front, there would be something to happen that would cause a request for a seller credit. Like, a repair was needed. It would not be something that all the sudden someone decides they want a credit just because.
Does the seller pay commission to the agents on the amount of the credits given?
Depends on the listing agreement, but commonly the commission is paid on the gross sales price.
I am a buyer =]
Awesome! Hope this is helpful!
I’m a seller in Virginia Beach, VA (23464) in the Alexandria division. Can you tell me if this market is hot and if seller concessions are or aren’t the norm? Thank you.
Hi, DAndre, very common in general Yet the hotter the property the less likely the seller contribution - especially if there are multiple offers. I know an amazing Virginia Beach agent if you want an introduction.
Is this available in the Pennsylvania ereas???????
Seller contribution? What part of PA are you in?
@@alisiakrastelcoach I'm acually looking to purchase in the East stroudsburg or Tobyhanna ereas
@@alisiakrastelcoach I'm currently in jersey but looking to relocate to the Pa. Erea
Got ya. It’s a pretty common thing in general. Yet the hotter the specific neighborhood the less likely the possibility.
Agent
new agent
You're a new agent? Everyone is new at some point.
agent
buyer
Awesome
Buyer
Hope you find a great home!
Agent
Buyer
Buyer
Thanks for watching. Hope it was helpful!
Agent
Agent
Agent
Agent
Awesome! What state?