CONCESSIONS & why we pay so much attention to them.
WHO HAS MADE CONCESSIONS?
WHO IS WILLING TO MAKE CONCESSIONS?
WHO IS WILLING TO MAKE CONCESSIONS?
CONCESSIONS MADE PAST 30 DAYS
(UPDATED DAILY)
a. 350K+
b. 250K-350K
c. 180K-250K
d. 0-180K
- Homes in your neighborhood have a very high chance of being a comparable for your home.
- If you are going to sell, you need our 180 day review of "Concessions made".
- $4K-$26K of concessions were made by 20%+ of all homes sold in 30 days. (Spread Sheet View).
WHO IS WILLING TO MAKE CONCESSIONS?
WHO IS WILLING TO MAKE CONCESSIONS?
WHO IS WILLING TO MAKE CONCESSIONS?
WHO IS WILLING TO MAKE CONCESSIONS NOW?
(UPDATED DAILY)
- Here is a list of 200+ HOMES willing to make concessions right now.
- This information can be customized to your needs (price, area, &.....) and then emailed to you. Set a 10-minute appointment.
WHAT IS A CONCESSION?
HOW DO CONCESSIONS AFFECT A HOMES VALUE?
HOW DO CONCESSIONS AFFECT A HOMES VALUE?
1. In the context of real estate appraisal and lending, concessions can play a significant role in determining the appraised value of a property.
2. When appraisers and lenders assess the value of a property, they take into account various factors.
3. If these comparable sales included concessions, such as seller-paid closing costs or financing incentives, adjustments will be made to account for the impact of these concessions on the sales price.
4. 20%+ of all homes sold the past 30 days had seller paid concessions involved.
5. When I list a home to sell and when I write an offer to purchase, I pay attention to what has recently sold that is similar to the home I am working with. When concessions are involved, I use that knowledge to make adjustments to a homes market value.
HOW DO CONCESSIONS AFFECT A HOMES VALUE?
HOW DO CONCESSIONS AFFECT A HOMES VALUE?
HOW DO CONCESSIONS AFFECT A HOMES VALUE?
Comparable Sales Analysis:
Appraisers and lenders look at recent sales of similar properties in the same neighborhood or area to determine the market value of the subject property. These are called "comparable sales" or "comps."
Identifying Concessions:
If any of the comparable sales included concessions, such as the seller paying the buyer's closing costs or offering financing incentives, the appraiser will take note of these concessions.
Adjustments:
To arrive at an accurate appraisal value for the subject property, the appraiser will make adjustments to the comparable sales that included concessions. These adjustments aim to estimate what the sales prices of these comps would have been without the concessions.
Final Appraisal:
After making these adjustments, the appraiser arrives at a final appraised value for the subject property.