HomeLight

MARCH 2, 2022

Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought.

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Inspection Purchase and sale agreement Inspection contingency Agents 145

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 370

Equity Technology Investor Residential 370

RIS Media

MAY 9, 2022

The national average closing costs for a single-family property refinance in 2021, excluding any type of recordation or other specialty tax, was $2,375, according to CoreLogic’s ClosingCorp second annual Refinance Closing Cost report for 2021 released last week. The takeaway: . “In

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Closing costs Closing Loans Title 98

BAM Media

DECEMBER 19, 2024

Sellers remain confident in their ability to move properties quickly, with 72% expecting to close within 4 months or less. For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents. Read the full report for more information, including charts and methodology.

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Marketing Closing costs Inspection Agents 98

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections.

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Closing costs Closing Seller concession Purchase and sale agreement 97

The Close

NOVEMBER 25, 2024

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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Purchase and sale agreement Property Management Hard money loan Investor 105

HomeLight

OCTOBER 30, 2020

Problems come up during inspection. Contingencies are clauses in real estate contracts stipulating that certain conditions must be met before the deal can close. However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. But understand that inspections can delay the deal.

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Closing Inspection contingency Title search Purchase and sale agreement 116

Realty Biz

JUNE 7, 2021

I’m a nurse and I understand how easy it is for people familiar with an industry to fall into the habit of using jargon and acronyms without even realizing it. Someone should probably write a translation dictionary for the real estate industry. A home inspection contingency means that no unknown major problems are found with the house.

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Inspection Closing costs Inspection contingency Loans 92

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Home inspection checklist for buyers 54. What is the best way to prepare for an inspection?

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Closing costs Title Inspection Closing 98

RIS Media

FEBRUARY 29, 2024

Negotiations can include the purchase price, closing costs and contingencies. In real estate transactions, buyers and sellers often negotiate various aspects of the deal. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits.

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Seller concession Closing costs Closing As-is 130

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction.

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Pre-approval Pre-qualification Title search Inspection 88

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Don’t forget to budget for closing costs. Closing costs are one-time costs that go along with your home purchase, and you pay them on — you guessed it — closing day. Speaking of closing costs, you can ask the seller to pay them.

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Closing costs Inspection Loans Earnest money deposit 119

RIS Media

FEBRUARY 18, 2021

They’ve probably considered a down payment, mortgage payments, closing costs, taxes and insurance. Lawn sprinkler systems can be convenient but will require expenses for system inspections, winterization, replacement of sprinkler heads and lines as needed, plus water utility costs. Repair or Replacement Costs.

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Pre-approval Inspection Closing costs Design 112

Real Trends

APRIL 11, 2023

Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. Home repairs One way of receiving seller concessions is when the seller agrees to pay for the buyer’s repair costs.

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Seller concession Closing costs Purchase and sale agreement Inspection contingency 76

HomeLight

DECEMBER 10, 2021

To find out what affects offer prices when selling a house as is, we rounded up this select group of industry pros for insider answers: Wisconsin-based real estate agent Kim Batterman , who has more than 15 years of industry experience. Also, an as-is sale doesn’t preclude the buyer from inspecting the property. Jones nets 8.5%

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As-is Purchase and sale agreement Investor Closing costs 110

AAOA

MARCH 24, 2025

After finding the right property, conduct a thorough inspection and review its financials to ensure it meets your criteria. Consider partnering with a local real estate agent who knows your desired areas housing market, industry trends, and rental dynamics. After your offer is accepted, youll begin the closing process.

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Property Management Debt-to-income ratio Renovation Loans 66

HomeLight

JULY 30, 2021

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

The Close

SEPTEMBER 19, 2024

The buyer also specifies any conditions that the buyer would like met before the sale closes. These conditions may include a home inspection, securing financing, or including certain appliances or fixtures in the sale. This can mean speeding up or delaying the closing date compared with what was originally proposed.

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Purchase and sale agreement Agents Inspection Home sale contingency 97

HomeLight

NOVEMBER 21, 2024

When you refinance, you take out a new loan, which usually involves significant closing costs. Selling the house shortly afterward might mean you’ll lose money if you haven’t stayed in the home long enough to offset those costs. This means that if you refinance a $300,000 loan, you might spend $9,000–$18,000 in closing costs.

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Closing costs Equity Loans Title search 97

Real Trends

JULY 11, 2022

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Estimated closing costs. Contingencies.

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Seller concession Closing costs Inspection Title search 85

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Closing costs. Harvell says it’s important to make sure that none of the normal closing costs are included in the sales price.

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HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Estimated closing costs. Estimated cash needed to close. Purchase agreement. Source: (Surface / Unsplash).

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Purchase and sale agreement Title Closing costs Seller disclosure 98

HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. Closing costs. Get Estimate.

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Real Trends

JANUARY 4, 2023

The pandemic brought a wave of new real estate agents to the industry. The buyers can always consider including contingencies in their offer that protect them, e.g. inspection period, appraisal contingencies, etc. 2) A top surprise of first-time buyers was the cost. 2) A top surprise of first-time buyers was the cost.

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Closing costs Inspection Title Agents 87

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Closing costs. Closing date. Earnest money.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

DECEMBER 2, 2021

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. Home pre-inspection.

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Seller concession Staging Inspection Renovation 122

HomeLight

MARCH 31, 2022

FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Closing costs. Closing date. Earnest money.

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Purchase and sale agreement Inspection Inspection contingency MLS 110

HomeLight

APRIL 11, 2025

Because cash buyers already have the funds available, theres no need to wait on mortgage approvals or inspections. If you accept, the closing can happen fast, letting you move forward without delays. Lower closing costs: Some Silver Spring companies may take care of closing costs , helping you save money.

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Agents Inspection Sales Staging 52

Redfin

FEBRUARY 24, 2025

Market conditions: Fluctuations in the construction industry due to material costs, labor availability, supply chain issues, and economic factors can impact building expenses. For instance, tariffs on imported goods have recently increased material costs, potentially adding $17,000 to $22,000 to the price of a new home.

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Debt-to-income ratio Land Construction Renovation 31

HomeLight

APRIL 11, 2023

However, the initial offer is typically subject to change after they have inspected your home. Closing costs: Sellers typically pay no closing costs; Best Cash Offer in Texas LLC often covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight.

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Purchase and sale agreement Closing costs Closing Sales 102

Real Trends

MARCH 2, 2022

You are the professional with industry training who can help predict problems that budget-busting bids can cause. Additionally, a whopping 90% of millennials would buy a house without seeing it in person first. The takeaway. As a real estate agent, the goal is not to get the biggest sale.

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Marketing New Construction Closing costs Inspection 108

RIS Media

JULY 8, 2021

The real estate industry has undergone a lot of changes since Liz Moore began her career in 1984. These services include conducting upfront home inspections and pre-listing appraisals for all of their listings. Cinch Home Services Helps Buyers and Sellers Avoid Unforeseen Expenses With Home Warranty Products.

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The Residential Specialist

OCTOBER 24, 2022

As the real estate market shifts, expert agents share what the industry will look like heading into 2023. By Caroline Heller. 2022 marked the beginning of the end for what was an unprecedented seller’s market. It will be a more balanced market.

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Marketing FHA loan Loans Closing costs 111

HomeLight

MARCH 31, 2022

As a high-level rule of thumb, sellers can expect to pay between 6-10% of the final sale price in commissions and closing costs. Seller’s portion of closing costs (title fees, taxes, and escrow). Closing costs credit to the buyer: -$500. Estimated inspection repairs : -$500. Seller’s closing costs.

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HomeLight

JULY 28, 2022

Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property. Step three is an in-home inspection by a company rep and a no-obligation offer. Step four is closing with a local attorney. Finally, the transaction closes with a local title company.

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Purchase and sale agreement Closing costs Closing Title 98

HomeLight

DECEMBER 23, 2021

But FSBO sellers should be aware that they’ll still need to pay non-commission closing costs, including settlement fees, transfer taxes, and attorney fees. From there, you can use the HomeLight Net Proceeds calculator to get a rough idea of how much you’ll earn from the sale after expenses and closing costs. David Ernst.

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Inspection Agents Closing Staging 101

HomeLight

FEBRUARY 28, 2023

However, the initial offer is typically subject to change after they have inspected your home. Once contacted, a buying manager will conduct in-depth research on your property to provide you with a cash offer for your home, eliminating the need to make repairs or deal with closing costs and commissions.

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Purchase and sale agreement Closing costs Closing Sales 97