Remove Brokerage Remove Inspection Remove Title search
article thumbnail

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

Or, even from a brokerage trading house, that it takes 10 or 14 days once the wire’s initiated for the money to get to the escrow company.” Problems come up during inspection. However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. The title isn’t clear.

Closing 116
article thumbnail

How Much Are Closing Costs in New Jersey?

HomeLight

Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. For example, a motivated seller might consider covering part or all of the inspection and appraisal fees for a buyer in order to help close the deal. 1% of the listing commission.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Costs Are Involved in Selling My House?

HomeLight

Pre-listing inspection, if desired or needed: $279-$400. In turn, they compensate their affiliated brokerage houses, which might be a 70/30 split. Typically, those discussions occur between the initial offer and the signing of the contract , after the inspection and/or after the appraisal. Title insurance premiums: Varies.

article thumbnail

How Much Are Closing Costs in Michigan?

HomeLight

Title search fee $250 Property taxes (May need to pay back buyer) Varies Wire transfer fees $30 Outstanding amounts (utility bills, HOA fees) Varies Compliance fee (paid to seller’s brokerage) $375 Typical seller closing cost total (7%-8%) $15,176-$17,344 *Example estimate based on a $216,800 median-priced Michigan home.

article thumbnail

Fees and Costs Associated With Selling a House in 2023

HomeLight

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. That puts your commission at 18,000.

article thumbnail

Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

When the exam is passed, the real estate agent can find a sponsoring broker or a brokerage firm where they can begin working. Contingencies are certain conditions that must be met before the closing date and typically relate to financing, inspections, appraisals, and home sale. Inspection contingency. Title contingency.

article thumbnail

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

HomeLight

These costs typically include fees for services such as title searches, appraisals, legal fees, recording fees, mortgage insurance, and taxes. For example, a discount brokerage may save the seller 0.5%-1% to 1% ) $2,625-$5,250 Intangible tax ( $1.10 Alternatively, some agents may be willing to negotiate a lower commission.