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New-home sales fall in May as inventory piles up

Housing Wire

According to Bright MLS, the 481,000 new homes on the market is the most since January 2008, when homebuilders pulled back on production before the financial crisis. That’s because relative to homebuilders, homeowners have more options for offering concessions, such as help with closing costs and repairs. It was at 8.1

Sales 459
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Borrowers exiting forbearance may choose to sell their homes – What role do servicers play?

Housing Wire

According to Black Knight , 96% of homeowners have at least 10% equity – meaning they may be able to pay off their loan, closing costs, and agent commissions without paying out of pocket or a short payoff. At the same time, loan advances continue to increase, putting additional financial pressure on servicers.

MLS 448
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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

Agents 418
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How to Buy a Multifamily Property in 10 Steps

The Close

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs.

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How to Buy a Preforeclosure Home in 9 Steps

The Close

Unlike regular property listings, you won’t always find preforeclosure listings on the MLS or popular real estate websites. Real Estate Agents Investors can work with real estate agents with access to the MLS. You’ll get a commitment letter and the closing date, and your lender will share the final details about your closing costs.

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8 Closing Costs North Carolina Sellers Customarily Pay

HomeLight

If you’re selling a home in North Carolina, you’re likely wondering how much you’ll pay in closing costs at the end of the sale. Nationally, closing costs for sellers average anywhere from 6% to 10% of the total sale price. Receive your offer in 24 hours and close in as few as 10 days.

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Opinion: Realtors, it’s time to raise your voice for consumers

Real Trends

And yet, in today’s world of technology, instant gratification and misinformation, local MLS broker marketplaces and real estate professionals can be taken for granted. You understand and provide guidance on the financial aspects of the transaction, like mortgage rates, closing costs and appraisals.

MLS 100