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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection.

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CoreLogic: Jump in home-purchase closing costs outpaces refi loans

Housing Wire

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Closing: Briefly review what to expect on closing day, including a final walkthrough, signing documents, and collecting the keys to their new home. How will these factors affect a potential offer?

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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. One kid will give their parent’s car.”

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Sellers also have to pay closing costs. Naturally, the price a buyer will ask a seller to pay will vary.

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Bummer! Existing-home sales flop, but relief could be on the way

Housing Wire

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. New-home sales — while making up a considerably smaller share of the housing market — rose sharply in July. After a modest monthly uptick in July, existing-home sales fell 2.5%

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Closing Costs for Sellers: A Breakdown of How Much You’ll Pay

Redfin

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?