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Nicolas Robillard

Loan Originator |NMLS 1803300

Meet Nicolas!

As your trusted UMortgage Loan Originator, my goal is to simplify the mortgage process to make your home loan experience easy to navigate! Please reach out so I can help start your home financing journey.

Serving Homebuyers In:

  • Florida

Mortgage Calculators

Monthly Payment

Affordability

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Your Mortgage Questions, Answered!

Seller Concessions: What They Are, How They Work, and How They Benefit Sellers & Buyers

Buying a home is an exciting journey but can also come with unexpected costs and hurdles. If you’re buying or selling a home, using seller concessions can often make buying a home more accessible for homebuyers or can sweeten the deal and speed up the selling process after you’ve listed your home. In this guide, we’ll break down what seller concessions are, how they work, and why they’re beneficial for both buyers and sellers. What Are Seller Concessions? Seller concessions are agreements between the buyer and seller during the homebuying process. These agreements typically involve an agreement for the seller to pay some of the buyer's closing costs, such as appraisal fees, title insurance, or even points on their mortgage. Essentially, it's the seller chipping in to help cover the expenses associated with closing on the home. By offering concessions, sellers can attract more potential buyers and make their property more appealing in a competitive market. For buyers, seller concessions can alleviate some of the financial burden associated with closing on a home to make their home purchase more affordable. If negotiated properly, seller concessions can hugely benefit all parties to help make the homebuying process faster, smoother, and more affordable. How Seller Concessions Work When a seller agrees to provide concessions, it's typically negotiated as part of the purchase agreement. The specifics of the concessions, including the amount and what expenses they cover, are outlined in the contract. Both parties need to agree on the terms upfront to avoid any misunderstandings later in the process. Once the agreement is in place, the concessions are typically applied as a credit towards the buyer's closing costs. Instead of the buyer having to pay these costs out of pocket, they can be rolled into the mortgage and paid incrementally over the loan’s term. It's important to note that there are limits to how much a seller can contribute towards closing costs, which can vary depending on the type of mortgage and the lender's guidelines. How Seller Concessions Benefit Both Buyers and Sellers Seller concessions offer numerous benefits for both buyers and sellers. For buyers, they provide much-needed financial relief during the homebuying process. By having some of their closing costs covered by the seller, buyers can preserve their savings for other expenses, such as moving costs or home improvements. On the seller's side, offering concessions can help expedite the sale of their property. In a competitive market where multiple offers are common, providing concessions can make a listing stand out and attract more potential buyers. Additionally, by helping buyers with their closing costs, sellers may be able to negotiate a higher sale price for their home. Seller concessions are a valuable tool in the homebuying process that benefit both buyers and sellers alike. By understanding what seller concessions are, how they work, and their mutual benefits, homebuyers can make informed decisions that help them achieve their homeownership goals while navigating the complexities that commonly come when closing on a new home. If you have any questions about seller concessions throughout your homebuying process, feel free to reach out to your UMortgage Loan Originator. They’ll be able to help you make an informed decision before negotiating your purchase agreement to make sure your mortgage works with your individual financial situation.

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Housing Market Update | Week of May 13th

Mortgage Rate Forecast - Week of May 13th After a pretty quiet week last week, we are back in the thick of the market data cycle with two inflation reports — the Producer Price Index (PPI) and the Consumer Price Index (CPI). Markets aren’t expecting much progress toward a lower inflation rate; however, recent labor data indicates that we could see continued job market weakness as the year continues. Mortgage Rates Last Week Rates Were Steady As was expected, last week was quiet regarding market data that could impact mortgage rates. We did see continued softening within the labor market as initial jobless claims hit their highest level since last August. The Federal Reserve has emphasized the role that a weak labor market will play in their decision to cut the federal funds rate this year, and if this kind of data continues to trickle in, the odds of rate cuts this year could increase. This Week's Mortgage Rate Forecast Rates Could Move This week, we have two big pieces of inflation data with the PPI and CPI inflation reports coming on Tuesday and Wednesday, respectively. Market expectations are that year-over-year inflation will remain at 3.5% in the CPI report, which is the main marker measured by the Federal Reserve. The onus of lower rates remains with labor data, and with some softening in the labor market seen earlier this month plus tighter spreads between the 10-year yield and mortgage rates, momentum could be on our side to see lower rates soon. When we work together to create more confident homebuyers, we go a long way toward creating the best possible homebuying experience for our clients. Later this month, we’re hosting an exclusive training session sharing methods that will help us instill confidence in our buyers and quell any fears that they may have. Save your spot for the training on Tuesday, May 28th at 3pm ET.

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Housing Market Update | Week of May 6th

Last week was a wild one for mortgage rates. Although the Federal Reserve announced that they would not be cutting the Federal Funds rate in their May meeting, they did announce that they are tapering their balance sheet reduction. This, combined with weak labor data sprinkled at the end of the week, saw mortgage rates drop at the end of the week. Last Week's Rate Recap: Rates Dropped Slightly Last week, the Federal Reserve held its May meeting. While they decided against cutting rates, Jerome Powell, Fed Chairman, held a dovish stance on the possibility of rate cuts in the future. Last week’s labor reports also showed a softening in the jobs market which caused rates to drop quickly at the end of the week. While it’s still unlikely that we see a rate cut in the Fed’s next meeting, a weakened labor market will be the key to seeing rates drop as the year goes on. This Week's Rate Forecast: Rates Should Stay Steady After the flurry of data and insight from last week’s jobs reports and the Federal Reserve meeting, we have a quieter week ahead without much data for the market to digest. Following a steep drop to the 10-year yield at the end of the week, market analysts will have a careful approach to instill some stability throughout the week. Overall, we should expect to see some steadiness throughout the week. If you want a more comprehensive overview of the market’s reaction to the Federal Reserve meeting and labor data last week, check out a replay of today’s Special-Edition Monday Market Update. Our two hosts offered plenty of insight behind these rate movements and some tactical advice to help you use these pieces of market data to better serve our homebuyers.

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