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?

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Closing costs Closing Seller concession Title 56

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.

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Mortgages Closing costs Agents Finance 468

RIS Media

MAY 19, 2021

It has become common practice in some markets to ask the seller to pay some or all of the closing costs when you purchase a home. Some simple rules to remember on the different kinds of loans: – On VA loans, you can ask the seller to pay everything, meaning the buyer is making no down payment and paying no closing costs.

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Closing costs Closing Pre-approval VA loan 116

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. to purchase a home in.

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Closing costs Closing Title Loans 105

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Inspection Loans 104

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

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MLS Loans Closing costs Industrial 488

HomeLight

APRIL 13, 2023

Once you’ve found your dream house in Florida and settled on the purchase price, you might think you know the final cost you’re responsible for. However, there’s another set of fees and charges you must be prepared for, and those are closing costs. Find a Buyer's Agent What are closing costs?

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Closing costs Closing Title Inspection 103

HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. What are closing costs ?

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Closing costs Closing Mortgages Title 105

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in New Jersey (NJ)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Title search Inspection 103

HomeLight

APRIL 12, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Purchase and sale agreement Title search 104

HomeLight

NOVEMBER 1, 2021

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs.

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Closing costs Closing Purchase and sale agreement VA loan 98

Windemere Buying

NOVEMBER 11, 2020

VA loans provide a path toward homeownership for active service and veteran personnel and their families. The following serves as a guide to understanding what they are, who they are available to, and what types of loans are available to them. What Are VA Loans? How Do VA Loans work?

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VA loan Loans Purchase and sale agreement Closing costs 52

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

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VA loan Loans Debt-to-income ratio FHA loan 52

Lab Coat Agents

MAY 21, 2024

Qualification Process: While buyers still need to qualify for an assumable mortgage, the process may be more streamlined compared to applying for a new loan. Types of Assumable Mortgages There are three primary types of assumable mortgages: VA Loans: Backed by the U.S.

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VA loan Mortgages Loans FHA loan 98

Real Trends

NOVEMBER 11, 2022

Real estate professionals should make their customers aware of extra fees associated with USDA loans including an upfront fee of 1% of the loan amount and an annual fee. VA loans provide flexible, low-interest mortgages for active military members and veterans. appeared first on RealTrends.

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Finance VA loan FHA loan Agents 113

Redfin

MARCH 11, 2025

Its held in an escrow account : A neutral third party (escrow company or title company ) holds the funds until closing. Its credited back to the buyer at closing: If the deal moves forward, your earnest money is applied toward your down payment or closing costs. Can earnest money go towards closing costs?

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Earnest money deposit VA loan Closing costs Inspection 38

Easy Agent Pro

SEPTEMBER 24, 2020

Instead, studies show that many in this vast group of Americans have no idea their VA benefits include a home loan with no down payment requirement. This is the perfect side-niche for agents who are former members of the military or grew up as military brats. Sell military homebuyers on the advantages of the VA loan.

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VA loan Loans Agents Closing costs 94

HomeLight

MARCH 28, 2022

In an area with higher home prices, you may need a bigger down payment (though you could qualify for a zero-down Veterans Affairs loan ), plus your closing costs will likely be higher. If you’re planning on using a VA loan, how does that impact affordability ? Real Estate Agent. Sandee Payne. Sandee Payne.

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VA loan Loans Debt-to-income ratio Closing costs 104

HomeLight

DECEMBER 28, 2023

In this post, we will walk you through everything you need to know about transferring or “assuming” a home loan. Partner With a Top Agent Familiar With Assumable Mortgage Listings HomeLight can connect you with a top-performing real estate agent who understands the ins and outs of assumable mortgage listings in your market.

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Loans Purchase and sale agreement VA loan Mortgages 119

HomeLight

NOVEMBER 20, 2023

Along with the obvious advantage of a lower interest rate, an assumed loan can also come with fewer transaction fees and greater speed. Partner with a top agent familiar with assumable mortgage listings HomeLight can connect you with a top real estate agent familiar with assumable mortgage listings in your market. down payment.

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FHA loan Mortgages VA loan Loans 115

HomeLight

AUGUST 9, 2022

As we mentioned, your lender will need to see that you do actually have the money as part of your loan approval process — a current bank statement will usually suffice — but you won’t need to transfer it out until closing day. Real Estate Agent. Real Estate Agent at Berkshire Hathaway HomeServices, PenFed Realty Texas.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

Realtor.com

DECEMBER 20, 2021

Ask your agent. Real estate agents don’t typically deal with the loan process. But most agents know lenders who have experience helping borrowers who don’t have a lot of cash for a down payment. an agent with Century 21 Envision in Upper Marlboro, MD. The USDA loan program also has other perks.

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Pre-approval Loans Loan Officer VA loan 137

HomeLight

OCTOBER 22, 2021

Many real estate agents prefer that you have at least a pre-qualification number before you begin your home search. How much can I afford with a VA loan? If you qualify for a VA loan , you won’t need a down payment. The loan limits for VA loans fall between $548,250 and $822,375.

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Pre-qualification Pre-approval VA loan FHA loan 111

HomeLight

MAY 26, 2021

Chiquita Pittman is an experienced agent in New Jersey who works with 7 more townhomes and 21 more condos each year than the average agent in her area. She says that through combining state programs and with the seller paying closing costs, she had one buyer who “only had to bring $3,500 to the table.”.

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Debt-to-income ratio Closing costs VA loan Loans 111

HomeLight

JULY 31, 2022

This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit. VA-backed mortgage as marketing. Another benefit of VA loan assumption is lower closing fees.

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VA loan Purchase and sale agreement Short sale Pre-approval 95

Realty Biz

JULY 11, 2022

Several have sold before I even talked to an agent about them. But this is my first home, and I don’t know why I should hire an agent. It seems to me that it will just cost me money and time. As a first-time buyer , I can’t stress enough how important I think it is for you to use a buyer’s agent. Answer: Hello Stuart.

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Agents Inspection Seller disclosure Closing costs 84

RIS Media

OCTOBER 29, 2020

Closing Costs. Many of these will need to be paid at closing. Sometimes sellers are willing to help with closing costs to make things easier for the buyer. The costs don’t end once you’ve bought the home; you still need to pay to move in. There are numerous benefits to FHA loans.

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Pre-approval FHA loan Inspection Closing costs 140

HomeLight

SEPTEMBER 30, 2020

Melanie Hunt , a top-selling real estate agent who has sold 74% more single-family homes than the average Fort Worth, Texas , agent, says: “It’s going to take longer than you think to get approved.” Closing costs. The last and most costly hurdle you will need to clear is paying the closing costs.

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Short sale Loans Sales FHA loan 138

Redfin

OCTOBER 27, 2020

A mortgage that requires $0 down, VA loans are a competitive and affordable way for veterans laying down roots to save. VA loans are perfect for veteran first-time homebuyers who do not have enough money for a down payment. Funding fees are required with VA loans, which are not generally included in standard mortgages.

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VA loan FHA loan Closing costs Loans 66

HomeLight

NOVEMBER 29, 2021

Plus, down payment and closing costs in New Jersey can set you back thousands of dollars. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In

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Land Closing costs Purchase and sale agreement Loans 110

Marco Santarelli

MAY 27, 2024

There are some requirements that both the buyer and seller need to meet, but these are generally less stringent than with conventional loans. VA Loans: These are government-backed mortgages guaranteed by the Department of Veterans Affairs. VA loans are also assumable, with similar requirements to FHA loans.

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Debt-to-income ratio Mortgages FHA loan VA loan 96

The Residential Specialist

JULY 7, 2023

To better serve military families who are buying and selling homes, agents must be aware of the unique challenges they face By Steve Hendershot Military families who are relocating present a unique opportunity—and challenge—for REALTORS ®. The opportunity is simple: sales volume. Johnston happily obliges, using her CRS network.

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VA loan Loans Agents Mortgages 98

HomeLight

NOVEMBER 10, 2021

Due to its popularity and coastlines, the cost of housing in Florida can be exceptionally high, but that also depends on where you’re searching. The nationwide demand for housing has also increased during the coronavirus pandemic, pushing up housing costs even more. An FHA loan , for example, requires a minimum of 3.5%

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Closing costs Loans Purchase and sale agreement Earnest money deposit 116

HomeLight

JUNE 19, 2023

We talked to top real estate agent Claire Paris , who completes 14% more transactions than the average agent in Portland, Oregon , to walk us through what buyers can expect from down payment assistance programs and how you can find one in your area. What about loan programs?

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FHA loan Closing costs Loans VA loan 105

HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. We tapped the expertise of top Illinois real estate agent Jen Ortman , who walked us through some of her best advice for buyers. Hiring an agent. Hiring an agent is a big deal.

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Closing costs Inspection Loans Earnest money deposit 119

HomeLight

MAY 23, 2022

Top-rated North Carolina real estate agent Ashley Schaus had a listing recently that was in really rough shape. Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. Steps to list ‘as is’ with the help of a real estate agent.

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As-is Purchase and sale agreement VA loan Inspection 112

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. Notably, falling below MPR standards could be a deal breaker for some homebuyer programs, such as a Federal Housing Authority (FHA) loan or VA loan.

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