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12 Typical Closing Costs for Seller in Alabama

HomeLight

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. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

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DataTrace’s TitleIQ leverages automation to reduce human error and further streamline processes

Housing Wire

This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer. DataTrace delivers advanced real estate data and title search technology and automated examination and production solutions used by leading title and settlement service companies.

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Qualia courts proptech firms with title, escrow offering

Housing Wire

Digital closing platform Qualia announced Wednesday the release of “Qualia Scale,” a software program that allows proptech companies to attach title & escrow to their core offerings. Why use several vendors for title searches, appraisals and underwriting when you can use one? Presented by: Altisource.

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As title insurance volume shrinks, workers take on more tasks

Housing Wire

The last two years was like drinking from a fire hose and we’re back to more like 2019 levels right now,” David Townsend, the president and CEO of Agent’s National Title , told attendees listening to PropLogix’s State of the Title Industry report webinar Thursday afternoon. “I

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The appraisal gap is complicating deals across the country

Housing Wire

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.

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Title Search: Your Ticket to Finding Liens on Your Property

HomeLight

Open liens could affect your home sale because a new owner would become responsible for the property debt if you transfer title without clearing the lien. Also, a title insurance company will exclude coverage for any liens that cloud, or negatively affect, the property’s title. Source: (Surface / Unsplash).

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Are Closing Costs Tax Deductible When Selling a House?

HomeLight

On average, sellers pay between 2% and 5% of a home’s sale price in closing costs. If you count real estate agent commissions (technically not a closing cost), the percentage increases to a range of 6% to 10%. What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process.