Realtors: Everything You Need to Know About Seller Credits & Rate Buydowns

1120 South Rackham Way,Meridian ID 83642

14 December, 2022

Description

Have a listing that's been sitting for more than 15 days with no showings? Have a buyer on the fence about making offers because their estimated monthly payment is uncomfortable? Don't let your listings underperform, and don't let your buyers stretch outside of their comfort zone. Let me show you how to be the hero they need you to be in this crazy market. As a Loan Officer, I've seen many contracts come through in the past 3 months that could have been written so much better for both the buyer and seller, and I often see seller credits that aren't useable to the buyer. Let me help you avoid all of that. Price reductions should be your last resort; seller credits should be your first. And I'm going to teach you exactly how to use them in a way your Lender will allow (buh-bye lender requested addendums!), how to explain the benefit to your sellers, and how to better negotiate and write contracts for your buyers. Get ready to learn about: Seller credit vs price reduction – which is actually better? How much seller credit can be given to a buyer? Do different loan programs have different rules? (Spoiler alert: they do 😉).How much of a seller credit can be used toward rate buydown? How does a rate buydown affect a buyer’s monthly payment? How do I write a contract that meets my buyer's loan parameters?Space is limited -- RSVP today to snag your spot before we reach capacity.Oh, and there will be drinks and appetizers to indulge upon - happy hour style. Can't wait to see you and share all of this juicy info! Hosted by: Emily Green, Mortgage Consultant, NMLS # 1429849PrimeLending, A PlainsCapital Company NMLS#: 13649. Equal Housing [email protected] | lo.primelending.com/emily.greenCell: (208) 713-9090