Remove As-is Remove Pre-approval Remove Seller concession
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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

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Opinion: Reframing the American Dream of homeownership

Housing Wire

It may mean drilling down and familiarizing yourself, and your potential clients, with the ins and outs of credit repair, loan pre-qualification and pre-approval, and even basic personal finance and budgeting. As we celebrate Independence Day this year, it’s natural to reflect on the American Dream of homeownership.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

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Top LO Ben Cohen thinks first time buyers will return to the housing market this year

Housing Wire

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. Ben Cohen: I’ve definitely seen an increase in inbound calls from people wanting to get pre-approved to buy a home.

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Take more time, ask better questions: How loan officers are getting clients in homes as rates soar

Housing Wire

Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. Seller concessions are abundant in some of the markets that have cooled – including Oregon and Arizona – and his clients are able to take advantage of that, Sawyer noted.

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How to Beat a Contingent Offer on the House You Want

HomeLight

You’re told that the seller is receiving multiple offers, but some have attached contingencies — conditions the other buyers have included in their offers. From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get Started 1.

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What Is the Cost to Sell a House in Chicago?

HomeLight

This is a positive indicator for home sellers. The average DOM in Chicago suggests a stable market for buyers and sellers. If you sell your home for the median home sold price in Chicago of $365,000, your seller costs might be around $52,689. What are common expenses for home sellers in Chicago? Seller concessions.