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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Staging Costs. Seller Concessions. Real Estate Commission.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

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.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

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. Set the stage: Educate your clients on the market This is your time to shine!

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Demystifying home appraisals

Housing Wire

There are three stages that agents and their clients need to be aware of. Stage 1: Preparing for the home appraisal First, if you represent buyers making an offer on a home, it’s vital to include an appraisal contingency in the offer. This stage is critical. When this happens, it’s time to ask for some seller concessions.

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Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

Reasons for opting out At the heart of the matter are NAR rules that, prior to the March 2024 settlement, required listing agents to make blanket offers of compensation to buyer agents on Realtor association-owned MLSs. These organizations say that making offers of compensation to buyer agents was optional but never mandatory.

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Closing Costs for Sellers: A Breakdown of How Much You’ll Pay

Redfin

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. These expenses add up quickly and vary widely by location.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

We detail what costs you’re likely to incur and what sellers pay on average. 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. Seller concessions.