If you are looking to buy a home and you want to know what the averages are for sellers concessions you will find it with Renee Burrows great summary posted here.
Here is what buyers received in seller paid concessions on June 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:
- Less than $500: 69% ($500 only buys you a home warranty or (no and) an appraisal)
- Between $501-4000: 18%
- Over $4001: 13%
This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!
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John Le Francois
Senior Loan Officer
All Western Mortgage Inc.
8345 W. Sunset Rd.
Suite 200 Las Vegas, NV, 89113 US |
Work: 702-947-0648
Mobile: 702-271-2659
Fax: 702-541-9901
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Thanks for the reblog John, hope things are well with you!