Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. Hanna said this led the company to revamp some of its agent education. It created a buyer representation certificate for agents.

Brokerage 369

Brokerage Agents Technology Industrial 369

Housing Wire

AUGUST 19, 2024

But even though O’Koniewski and her agents have spent months preparing for these changes, she said the date did not come without a sense of trepidation. “I When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. I know quite a few agents it hurt.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. They actually seem more on the side of the real estate agents,” Posnick said. “It

Agents 459

Agents Industrial Closing costs As-is 459

Housing Wire

JUNE 10, 2021

Working with a real estate agent isn’t free, but it takes the work off your plate as a seller. A real estate agent finds potential buyers, arranges housing tours and handles all the paperwork and coordination between all the parties involved. According to Redfin, the average real estate commission is 5%–6% of the home’s sale price.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Housing Wire

APRIL 26, 2024

In certain circumstances, the program would allow for inclusion of “an ‘interested party contribution’ [of] up to six percent of the sales price,” according to the original plan. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

FEBRUARY 28, 2024

Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services. They will also be offered closing cost credits of up to 0.5% of the sales price when buying a home and up to 1% when selling. The program is only eligible for loans that close through Newrez.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs 56

Closing costs Closing Seller concession Title 56

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Put everything in writing.

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

Agents 435

Agents Lending Renovation Staging 435

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Agents 418

Agents Loan Officer Lending Loans 418

Housing Wire

FEBRUARY 19, 2025

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Take the time to walk them through what they can expect from showings to closing day.

Closing 346

Closing Earnest money deposit Due diligence Pre-approval 346

Housing Wire

APRIL 30, 2024

In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price. Certner cited fair lending concerns and the potential of undue borrower influence. Tane Cabe Tane Cabe, also of C2 , concurs with Harmes.

Mortgages 445

Mortgages Closing costs Equity Construction 445

Housing Wire

NOVEMBER 3, 2023

With the seamless integration of the homegenius Platform, consumers can: Connect with experienced real estate agents. Explore possible cost savings. Loan must close to be eligible for reimbursement of credit toward closing costs at closing. Total credits to borrower cannot exceed actual closing costs.

Closing costs 434

Closing costs Short sale Technology New Construction 434

Housing Wire

OCTOBER 4, 2022

Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE). This integration makes accurate fees available instantly from a sizable population of the title agent community,” Jim Paolino, the CEO of LodeStar, said in a statement. “As

Title 448

Title Loan Officer Closing costs Closing 448

HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. These numbers impact your financial standing either cutting into your sale proceeds or increasing your monthly mortgage payments. But what are closing costs?

Closing costs 104

Closing costs Closing Title Seller concession 104

Housing Wire

NOVEMBER 13, 2023

by 1% to 2% just by cutting the commission paid to buyer’s agents.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.” Sales prices don’t go up or down based on closing costs. I did some simple math using data from the St.

Closing costs 375

Closing costs Equity Agents Technology 375

HomeLight

AUGUST 13, 2024

Understanding the financial aspects of closing costs is an important factor when selling your home in Illinois. Closing costs are various fees that sellers need to cover to finalize the sale of their property. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 111

Closing costs Closing Principal Loans 111

HomeLight

AUGUST 12, 2024

When selling a home in Colorado, understanding closing costs is important. Closing costs refer to the various fees and expenses that sellers typically incur to finalize the sale of their property. These costs include things like loan payoff amounts, real estate agent commissions, and more.

Closing costs 111

Closing costs Closing Principal Loans 111

HomeLight

AUGUST 13, 2024

When selling your home in Indiana, it’s important to understand the various expenses involved, including closing costs. These fees cover essential services and procedures required to finalize your property sale, such as loan payoffs, property taxes, and agent commissions. What are closing costs?

Closing costs 111

Closing costs Closing Principal Loans 111

Housing Wire

JANUARY 10, 2023

In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. Pandemic boomtowns see a rise in concessions.

Seller concession 482

Seller concession Mortgages Loans Closing costs 482

Housing Wire

FEBRUARY 19, 2021

Look at comparable sales in the area and ask your agent to help you determine a right-sized bid that aligns with those numbers. Many lenders will re-check your credit just before closing on your loan. If that’s not the scenario you walk into, you’ll have to work with your agent to resolve the issue. Credit problems.

Loans 535

Loans Loan Officer Closing Closing costs 535

HomeLight

AUGUST 21, 2024

One key detail to plan for is closing costs—those fees and expenses that arise when finalizing the sale of your property. In this guide, we’ll explain how closing costs work in San Diego and what specific fees sellers should anticipate. What are closing costs? Selling your home in San Diego?

Closing costs 111

Closing costs Closing Loans Title 111

HomeLight

AUGUST 7, 2024

If you’re selling your home in New Hampshire, understanding closing costs is essential. Closing costs refer to the fees and expenses of finalizing a property sale. These costs include anything from loan payoff amounts and property taxes to real estate agent commissions and HOA fees.

Closing costs 110

Closing costs Closing Principal Loans 110

Housing Wire

OCTOBER 27, 2023

Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. Class action attorneys in this case want to take away that buyer representation or force buyers to have to pay for representation out-of-pocket on top of the cost of a down payment and closing costs.

MLS 488

MLS Brokerage Agents Closing costs 488

HomeLight

AUGUST 21, 2024

Understanding closing costs is key to a smooth transaction. Closing costs represent a variety of fees and expenses you’ll need to pay when finalizing your home sale. These can range from real estate agent commissions to property taxes and more. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

AUGUST 19, 2024

Selling a home in Pennsylvania comes with its share of expenses, including closing costs. Closing costs are various fees and expenses that arise during the final stages of a real estate transaction. These costs typically include taxes, agent commissions, and administrative fees. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

Debt-to-income ratio 459

Debt-to-income ratio Marketing Closing costs Agents 459

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. The company was featured in HousingWire’s Tech 100 in 2022.

Pre-approval 388

Pre-approval Loans Closing costs Branding 388

HomeLight

AUGUST 21, 2024

When finalizing your sale, there are a few financial details to keep in mind—especially closing costs. Closing costs encompass the various fees and expenses sellers are responsible for when transferring property ownership. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

JULY 18, 2024

Selling your home is an exciting prospect, but many homeowners are surprised to learn just how expensive it is to finalize a sale. Sellers are on the hook for many closing costs that significantly affect their net proceeds when all is said and done. Closing costs for sellers in Tennessee typically is about 7% of the sale.

Closing costs 108

Closing costs Closing Agents Sales 108

HomeLight

MARCH 22, 2024

When you bought your home, you probably remember paying closing costs beyond the purchase price. Now you’re preparing to sell, and a common question for first-time sellers is, “Who pays closing costs when selling a house?” Connect with your top agent matches today at no cost. But you made it happen.

Closing costs 119

Closing costs Closing Purchase and sale agreement Agents 119

HomeLight

AUGUST 8, 2024

Knowing the full scope of closing costs is important for a smooth transaction. Closing costs are the fees and expenses paid when you finalize the sale of your property. These can include charges like transfer taxes , loan payoff amounts, and real estate agent commissions. What are closing costs?

Closing costs 111

Closing costs Closing Sales Loans 111

Housing Wire

MAY 4, 2023

Most recently, Rocket launched a ‘Buy+ and Sell+ purchase initiative,’ a collaboration between Rocket Homes and Rocket Mortgage – its proprietary home search platform and real estate agent referral network business. of their loan amount to put toward closing costs, helping defray upfront costs, the company said in April.

Principal 418

Principal Closing costs Mortgages Closing 418

Housing Wire

DECEMBER 4, 2023

We’re writing today to address the unintended consequences that may result from the real estate agent commission dilemma stemming from recent lawsuits. There are multiple lawsuits challenging the prevailing structure of real estate agent commissions, and, as a result, there is no shortage of industry conversation on the topic.

Mortgages 468

Mortgages Agents Closing costs Finance 468