Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday.

Agents 532

Agents Seller concession VA loan Finance 532

Housing Wire

JANUARY 18, 2021

That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. Whether you’re a first-time homebuyer or this is your fifth house, it’s a good idea to use an agent to ensure you make a smart decision. .

Agents 545

Agents Closing costs Closing Mortgages 545

Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. But while eClosings are convenient, it can be challenging to offer the same level of customer service online as with in-person closings.

Closing 370

Closing Loans Closing costs Technology 370

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. Under the settlement, sellers can still compensate the buyer’s agent.

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HW: How does working with an insurance agency simplify the closing process?

Debt-to-income ratio 435

Debt-to-income ratio Closing Loans Closing costs 435

Housing Wire

JUNE 11, 2024

According to a survey published by Clever Real Estate , 67% of the general public supports the changes, while 70% of real estate agents oppose them. But 70% of agents have reportedly fielded questions from current clients about the NAR settlement and its impact on commissions.

Agents 468

Agents Closing costs As-is Industrial 468

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

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% The program is only eligible for loans that close through Newrez. of the sales price when buying a home and up to 1% when selling.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

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

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. 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

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. A concession is when the seller agrees to pay part of a buyer’s closing costs.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

Closing 336

Closing Title Marketing Title search 336

HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 105

Closing costs Closing Title search Title 105

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Homebuyers using a variety of mortgage loans to finance their home purchase are eligible to use assistance options to help with their down payment and/or closing costs. I’ll explain later.)

Agents 435

Agents Seller concession Closing costs Mortgages 435

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

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 105

Closing costs Closing Title Sales 105

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. 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

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” It is no secret that many first-time homebuyers are struggling.

Marketing 448

Marketing Agents Closing costs Industrial 448

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. These costs can include agent commissions, property taxes , and other necessary fees tied to the closing process.

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

APRIL 30, 2024

AARP concerns “FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” HUD said in its update to the policy. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgages 445

Mortgages Closing costs Equity Construction 445

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs 111

Closing costs Closing Title search 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

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

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. Receive your offer in as little as 24 hours and close in as few as 10 days.

Closing costs 111

Closing costs Closing Loans Title 111

Housing Wire

JULY 19, 2024

Homebuyers who decide to utilize the program will work with a Howard Hanna buyer agent and get their mortgage through Howard Hanna Mortgage Services. Once the transaction is successfully closed by the Howard Hanna agent and mortgage team, the buyer will receive a credit of 0.5%

Closing costs 459

Closing costs Brokerage Loans Mortgages 459

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

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

FEBRUARY 19, 2021

Your lender is going to require an adequate home insurance policy before they’ll close on your loan. If you forget to secure one or your policy start date doesn’t align with your closing, it could throw things off schedule. Many lenders will re-check your credit just before closing on your loan. Home insurance hiccups.

Loans 535

Loans Loan Officer Closing Closing costs 535

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. Through this offering, consumers may also be eligible to receive a rebate* at closing. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs 434

Closing costs Short sale Technology New Construction 434

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. These might include taxes, agent commissions, and other service charges tied to the transaction.

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

JULY 18, 2024

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. However, your total cost can vary depending on what specific factors are involved in your sale. Selling your house soon?

Closing costs 108

Closing costs Closing Agents Sales 108

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. However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed. Establish a timeline.

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

HomeLight

AUGUST 7, 2024

Are you selling your home in Missouri and curious about the associated closing costs? Knowing the full scope of these costs is important for sellers to ensure a smooth transaction and avoid unexpected expenses. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 110

Closing costs Closing Principal Loans 110

HomeLight

OCTOBER 25, 2023

Whether you’re buying or selling, you’re probably wondering how to avoid closing costs. Unfortunately, there’s no way to eliminate them altogether, but there are ways you can lower your closing costs regardless of the state of the market. However, closing cost etiquette varies in different locales.

Closing costs 119

Closing costs Closing Title Inspection 119