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

Housing Wire

Also, fields displaying broker compensation on MLSs must be eliminated, there is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation and buyers’ agents must have written agreements. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

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DataDigest: 281 Realtors sound off on future of commissions in HousingWire survey

Housing Wire

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. Said another: “Buyers agents should earn additional commission for a lower purchase price.

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A Homebuyer’s Ultimate Guide to Rent-to-Own Homes: Everything You Need to Know in 2022

HomeLight

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. for an FHA loan. Let’s dive right in!

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). This loan backed by the Federal Housing Administration is ideal for those with low savings or a just-OK credit score. Step 1: Make sure you qualify.

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How Much Are Closing Costs in Massachusetts? (And 5 Ways to Reduce Them)

HomeLight

Your closing costs may differ depending on your circumstances and the terms of your home purchase. of the purchase price, and 1% for sellers, not including real estate agent commissions. Down payments vary by lender , borrower, and loan and can be as little as 0% (VA loans) or as much as 10% (jumbo loans).

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Selling a House ‘As Is’ in Washington State

HomeLight

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

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