HomeLight

JULY 11, 2024

You’ll also need to surface any other liens or judgments attached to the property, such as unpaid taxes, a home equity line of credit, or a reverse mortgage. A title search will help determine what you need to address, and your next steps.

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HomeLight

DECEMBER 23, 2021

Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Let’s take a deeper look at what a house title is; the different types of deeds used in real estate; and related terms including chain of title, title search, title insurance, and title abstract.

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HomeLight

JULY 12, 2024

You’ll hear your lender and real estate agent use the phrase “house in escrow.” Unlock Your Equity and Buy Before You Sell Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Get Started What does ‘in escrow’ mean in real estate?

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HomeLight

AUGUST 20, 2021

To help you estimate your closing costs in the Constitution State, we created this comprehensive guide with help from a top Connecticut real estate agent. This means that most Connecticut home sellers need to pay their remaining mortgage balance before transferring the property title to a buyer. Agent commissions. Attorney fees.

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HomeLight

JANUARY 5, 2022

Real Estate Agent. Real Estate Agent at The Kaminsky Real Estate Group. Do: Consider hiring a real estate agent. Hiring a real estate agent is not compulsory when you sell a house to a friend. It’s always tougher to negotiate with a friend,” says Edward Kaminsky , a top real estate agent in Los Angeles County. “If

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HomeLight

NOVEMBER 9, 2021

To prepare you for what fees you’re obligated to cover, we did the research and spoke to a top New York agent about what to expect to pay for at closing. It’s a good idea to check with your real estate agent, but be prepared because New York sellers are almost always responsible for these. Real estate agent commission.

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HomeLight

NOVEMBER 21, 2024

Sell Faster and for More Money With a Top Agent HomeLight data shows that the top 5% of real estate agents sell homes faster and for up to 10% more than average agents. Try HomeLight’s free Agent Match tool to consult with the highest-performing agents in your market. How much equity is in your home?

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Real Trends

MARCH 9, 2022

While title insurance may be less understood by homebuyers, who may see it as just another fee involved in the closing process, it’s important for them to understand the many benefits title insurance provides and the dangers that can be incurred without it. Why title insurance? Low loss rates are good for consumers.

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HomeLight

AUGUST 24, 2022

Work with a reputable local real estate agent. There are plenty of reasons to have a real estate agent in your corner — visibility in the MLS , help with stagings and showings, assistance with negotiations and contracts, to name just a few — and now you can add sourcing a cash buyer to the list. Focus on out-of-state buyers.

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RIS Media

SEPTEMBER 21, 2020

Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. The fee, usually 0.3 – 1.5

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HomeLight

SEPTEMBER 13, 2022

With some guidance from a top real estate agent and a veteran real estate attorney, we’ll cover seven important steps to consider when selling a house to a family member, as well as some questions you might have about the process. Consider hiring a real estate agent anyway. Determine finances (confirm funds are available).

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Realty Biz

FEBRUARY 19, 2024

Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. The parcels that dragged my portfolio down were the ones where I just thought “Oh that’s great discount for this piece of property, I know I’m buying it with equity, I’ll just list it for full market value and see who comes along.”

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HomeLight

MARCH 31, 2022

As housing prices skyrocket, many homeowners are considering ways to turn their growing home equity into cash. If you’re one of the 6 million Americans projected to sell a home this year, you may be trying to figure out exactly how much of that increasing equity will end up in your pocket after all is said and done. Agent commission.

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Redfin

JANUARY 28, 2025

However, there are other costs you need to account for in addition to the loan itself, such as: Equity payment: Youll need to pay the seller for the equity theyve already built up in the home. The sellers equity: This is the difference between the homes sale price and the remaining balance on the existing mortgage.

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HomeLight

JUNE 19, 2023

Step one: Talk to a few buyer's agents! Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. There are real estate agents who specialize in land plots. Here’s what you need to know.

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HomeLight

JANUARY 29, 2021

We spoke with probate attorneys and a top-performing real estate agent to bring you 10 essential steps for selling an inherited house. Run a title search to surface liens or judgments attached to the property, such as unpaid taxes, a home equity line of credit, or a reverse mortgage. “A Source: (Slidebean / Unsplash).

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HomeLight

JULY 12, 2022

Besides your mortgage payoff, homeowners typically incur a number of costs in selling a home — whether they work with an agent or offer the property for sale by owner (FSBO). Real Estate Agent. Real Estate Agent at Compass. Just enter your address to receive an estimate in less than two minutes. Michael Kennedy. Michael Kennedy.

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HomeLight

SEPTEMBER 10, 2022

To provide you with accurate insights, we asked a top real estate agent and a veteran real estate attorney to answer some of the most common questions regarding this type of transaction. Gift letter: To properly give a gift of equity, the seller should draft and sign a gift letter listing all pertinent information regarding the gift.

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HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. Pre-foreclosure.

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HomeLight

AUGUST 31, 2020

This means that you cannot sell your house and pocket any equity from the sale until that tax lien debt is satisfied. Wenatchee, Washington-based real estate agent J. As that tax debt piles up, it’ll swiftly eclipse any equity that you’ve built up in your home. Tax liens will be discovered during a title examination.

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HomeLight

JULY 25, 2023

The largest cost is typically the agent commission at an average 5% to 6% of the sale.) This can cause delays upward of half a year to get the equity out of a home while the owner continues to cover the costs of heating, cooling, mowing the lawn, etc. Title issues must be resolved to close the sale.

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HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. Looking to Buy Your Dream Home in the Bay Area?

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HomeLight

DECEMBER 2, 2021

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Real estate agent commission. in agent commission. Source: (Clay Banks / Unsplash). Utilities and upkeep.

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HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. Real Estate Agent. Real Estate Agent at @properties. Before we get into the stories, let’s start with a brief primer on the business of renting-to-own (RTO). Margaret Labus.

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HomeLight

SEPTEMBER 27, 2022

This article offers expert insight from Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, and Brent Morgan , a Texas probate attorney, to set you on the path to a successful sale of your inherited house in Texas. A home equity line of credit (HELOC)?

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HomeLight

APRIL 14, 2023

A Top California Agent Can Reduce Your Costs Partner with a top California buyer’s agent who can help you navigate your homebuying journey and reduce the final amount you’ll pay at closing. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

APRIL 14, 2023

Michigan] buyers should expect to pay roughly 2%-4% in closing costs,” says Andrew Hargreaves , a top real estate agent in the Metro Detroit area who works with nearly 70% more single-family homes than the average agent in his market. Find a Buyer's Agent What are closing costs? How can I lower my closing costs in Michigan?

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HomeLight

SEPTEMBER 21, 2020

Another option is to contact a title company and request that they run a title search on the property, or ask your real estate agent for guidance. Property taxes are one of the most basic items checked by any title agent,” says Herzberg. How does a lis pendens affect a potential sale?

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Realty Biz

JUNE 14, 2023

While a title search could uncover potential problems, not everything can be caught. Many problems could affect the title of a home, including the following: Mortgage fraud. You must buy owner’s title insurance if you want the same protection. Do You Have to Buy Owner's Title Insurance?

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HomeLight

MAY 26, 2021

To find out, we talked to experts like Barrett Spray , a real estate agent based in central Florida who has 27 years of experience helping clients navigate the homebuying process, chatted with two appraisers about the ins and outs of home appraisals, and tapped into HomeLight’s extensive homebuying resource database. This isn’t uncommon.

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HomeLight

SEPTEMBER 1, 2022

With the help of Daniel Real , a top agent in Modesto, California who works with 75% more single family homes than the average Modesto agent , we’ll give you the information you need to succeed as a California homebuyer. Real Estate Agent. Real Estate Agent at PMZ Real Estate. Find a local agent. Daniel Real.

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HomeLight

APRIL 20, 2023

Matt Durbin , a top agent in Western Pennsylvania with 14 years of experience helping homebuyers, says that “a lot of times people miscalculate what they’re going to need in total cash at closing to get a purchase done in our area, especially if they’re moving from another state.” Here’s who pays which closing costs.

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HomeLight

AUGUST 31, 2021

It details the funds owed to real estate agents collecting commission from the sale, local governments owed taxes and recording fees, and final charges going to the lender. Usually lenders will prepare the Closing Disclosure based on a copy of the estimated settlement statement sent by the closing agent. Title Search.

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HomeLight

OCTOBER 14, 2024

It’s kind of like moving puzzle pieces around,” says Tamara Bahadar, a top Virginia real estate agent serving the Hampton Roads region. You’ll also need to know if the inherited Portsmouth home has any other liens or judgments, such as unpaid taxes, a home equity loan or line of credit (HELOC), or a reverse mortgage. “If

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HomeLight

OCTOBER 2, 2024

The first step is to find out if there was a trust or will and if the property needs to be placed into probate,” advises Jon Ahern , a HomeLight Elite real estate agent in the Bay Area with more than 20 years of experience. A title search will help determine what you need to address ahead of time and your next steps.

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HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0

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HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% Real estate agent commission (5.8%) One of the first things you should do when you decide to sell your home is hire a top local agent.

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