Housing Wire

FEBRUARY 19, 2025

Review comparable sales: Show your clients how a comparative market analysis (CMA) will be used to help them make an offer and determine the fair market value (FMV). Remember, its not just about making a sale its about advocating for your client’s best interests. Encourage your buyers to keep an open mind.

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Closing Due diligence Earnest money deposit Pre-approval 372

RIS Media

APRIL 21, 2022

The national average for mortgage closing costs for a single-family property in 2021 was $6,905 including transfer taxes and $3,860 excluding transfer taxes, according to CoreLogic ’s ClosingCorp ’s latest Purchase Mortgage Closing Cost Report released this week. increase we are seeing on purchase mortgage closing costs.

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Closing costs Closing Mortgages Title 98

HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Seller FSBO closing costs.

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Closing costs Closing Title Title search 111

HomeLight

JUNE 20, 2023

California homeowners looking to upgrade from their starter home to more permanent digs may be surprised by the amount they’ll owe at the end of the sale: Closing costs in California typically range from 6% to 8% of total home sale price. Step one: Talk to an expert! Selling your house soon? years), San Jose (16.7

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Closing costs Closing Title Agents 105

Realty Biz

FEBRUARY 19, 2024

Buying land represents a pivotal investment in one's future. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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Land Due diligence Title search Finance 128

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Marketing Residential Construction Mortgages 418

CT Homes

OCTOBER 28, 2021

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. What are Closing Costs? Does the Buyer or Seller Pay Closing Costs?

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Closing costs Closing Purchase and sale agreement Title 75

HomeLight

JUNE 19, 2023

It’s a plot of land. It makes you wonder: what’s the process for buying land with cash? Get Started Step 1: Find the land for sale You won’t always be lucky enough to drive past a plot of land that’s the perfect investment opportunity for you. There are real estate agents who specialize in land plots.

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Land Proof of funds Purchase and sale agreement Title 111

HomeLight

NOVEMBER 29, 2021

Plus, down payment and closing costs in New Jersey can set you back thousands of dollars. William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In Homeowners taxes.

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Land Closing costs Purchase and sale agreement Loans 110

Toronto Realty Blog

DECEMBER 9, 2024

Whether it was delays, deficiencies, material changes, closing costs, the occupancy period, or eventually – prices , I started writing about this in 2008 or 2009. But more importantly, production, sales taxes, and transfer taxes alone are over 3 times he Ontario median after-tax income household income.

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Construction Development Land New Construction 105

The Close

MARCH 11, 2025

The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. What are the average monthly utilities and maintenance costs?

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Sales Due diligence Investor Finance 52

HomeLight

OCTOBER 31, 2024

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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Closing costs Closing Agents MLS 45

Housing Wire

OCTOBER 20, 2023

Just sold stories If your clients are willing to be featured on your socials, celebrate their sale. Make sure to also include a brief story of their buying journey in your caption, and how you helped them land their dream property.

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Agents Lending Staging Renovation 435

HomeLight

JUNE 14, 2022

Days on the market or DOM is the number of days a property has been on the market from listing until having a signed sales contract. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate.

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Seller concession Closing costs Agents Closing 119

The Close

NOVEMBER 25, 2024

Since it takes more time and can require more strategy to lock down this type of property, start by asking yourself why you want to zone in on a preforeclosure purchase rather than a traditional sale. Look for Notice of Default, Notice of Trustee Sale, and Lis Pendens in the public records section.

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Hard money loan Investor Loans MLS 96

Realtor.com

MARCH 8, 2021

This down payment is based on the combined cost of the land and estimated construction costs. Plus, along with evaluating your credit score and overall financial situation, lenders will also closely examine your builder. There’s only one closing, so you’ll just have to pay closing costs once.

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Loans Construction Land Finance 120

HomeLight

JULY 6, 2024

Whether it’s flipping a charming Victorian in Land Park or purchasing an investment property in Oak Park, hard money lenders can offer the speedy and flexible financing solutions you need. You can then make a strong offer on your next home with no home sale contingency. HomeLight always encourages you to consult your own advisor.

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Hard money loan Home sale contingency Finance Loans 115

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. It’s rarely advisable to waive an inspection contingency.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

MAY 7, 2024

This tax applies whether you are transferring ownership of a home, land, or other types of real property. Typically, it’s the seller who bears the cost of the transfer taxes, as part of the closing costs associated with selling property.

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Closing costs Title Closing Land 110

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. In this article, we explain how to find and sell to a Los Angeles area cash home buyer.

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Sales Purchase and sale agreement Inspection Due diligence 105

Marco Santarelli

SEPTEMBER 6, 2023

Introduction Investing in land is a significant financial decision that can yield substantial returns if approached with careful consideration and strategic planning. One crucial aspect to address is determining “How Much Over Assessed Value Should You Pay for Land?”

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Land Purchase and sale agreement Investor Development 52

HomeLight

JULY 12, 2022

First-time buyers were responsible for 27% of those sales, down from 31% in May 2021. All-cash sales accounted for 25% of May transactions, up from the 23% recorded a year ago. Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% closing costs. moving costs. Get Estimate.

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Seller concession Closing costs Renovation Title search 111

Realty Biz

MARCH 5, 2021

For a lot of people, even saving up enough to cover a down-payment and closing costs is a daunting financial task. The NHF provides eligible homebuyers with up to 5% of their mortgage amount to help cover the down payment and closing costs. The second mortgage must be repaid in full upon sale or refinance.

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Closing costs Loans Renovation Fixed-rate mortgage 124

HomeLight

JUNE 14, 2022

That part’s decided; now it’s time for you to determine the cost to sell a house in Chicago. Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. Closing costs.

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Seller concession Purchase and sale agreement Closing costs Title 110

Toronto Realty Blog

FEBRUARY 24, 2022

5% down, rental guarantees, property management and no closing costs (whereas here new pre-con closings costs are like 8% of purchase price). . In January of 2022, the average sale price in Calgary was $510,701. Secondly, as my client noted, the closing costs in Toronto can be upwards of 8% of the purchase price.

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Closing costs Development Land Investor 142

HomeLight

FEBRUARY 17, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Texas. Get an offer in as few as 48 hours and close in as little as 10 days. The seller doesn’t want to bother prepping the home, dealing with showings, negotiating, or navigating a long sales process. Our advice?

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Closing costs Closing Sales Staging 97

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. How it can delay closing. There are several ways that obtaining a loan by the closing date can be challenging.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

FEBRUARY 28, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in California. Get an offer in as few as 48 hours and close in as little as 10 days. Closing costs: You pay no closing costs; Sell Quick California covers them. Simple Sale. Request Offer.

Closing costs 97

Closing costs Closing Sales Staging 97

Marco Santarelli

AUGUST 28, 2020

But with a 1031 exchange , you get to defer paying those taxes if you reinvest the proceeds in a new property, making an “exchange” rather than a sale. If the 1031 exchange properties cannot be closed simultaneously, the money must be held by a qualified intermediary. There are many investors who would like to do a 1031 exchange.

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Investor Purchase and sale agreement Title Land 137

Redfin

FEBRUARY 24, 2025

Purchasing an existing home often proves more cost-effective than constructing a new one, though total expenses vary based on factors like home size, materials, market conditions, and location. As of December 2024, the median sales price for single-family homes in the U.S. As of the end of 2024, the median home sales price in the U.S.

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Debt-to-income ratio Construction Land Closing costs 31

Realty Biz

DECEMBER 10, 2020

Getting preapproved will put you in a much better position to land the home you want. This reduces the chances that the sale will fall apart due to financing problems. This should show you how much you will need to find for a down payment and what your closing costs are likely to be. What is Preapproval for a Mortgage?

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Loans Mortgages Pre-approval Pre-qualification 144

HomeLight

APRIL 2, 2025

I would say sellers in this market have a pretty good understanding of what their home has to offer, and if they’re selling it as is, oftentimes they’re doing the things that they need to do to put the house on the market or the property on the market for an as-is sale, he adds. We’ll state in the remarks as an as-is sale.

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As-is Seller disclosure Inspection Finance 52

HomeLight

JUNE 21, 2023

“A lot of times, these are first-time homebuyers who are wanting to purchase a home, but the extra $6,000 to $8,000 in closing costs can be the difference between them being able to really qualify for the home,” says Jon Baird , an agent based in Chico, California, who specializes in single-family homes. Retired teachers can apply.

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Loans Debt-to-income ratio FHA loan Closing costs 98

RIS Media

FEBRUARY 21, 2021

Avoid adding more than you need to your closing costs by following these tips to save on your title insurance. A good place to start comparison-shopping is the website of the American Land Title Association, which provides a search engine based on geography. Check for lender closing cost discounts.

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Title Closing costs Title search Closing 98

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Because it’s fast.

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Closing Inspection contingency Title search Purchase and sale agreement 116

BAM Media

AUGUST 29, 2024

Sitzer’s new startup has a name: Landian —a combination of “Land” and “Guardian.” As Sitzer told TechCrunch, “Due to the anti-competitive structure of the industry before the lawsuit, I, as the seller, was effectively coerced into paying 3% of my home’s selling price to a buyer’s agent in order to achieve a successful sale.

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Closing costs Industrial Agents Land 111

CT Homes

MARCH 31, 2021

They typically buy properties to renovate or rent and are willing to move quickly to land deals. This can save sellers the stress of financing challenges that could delay the sale of the home. For these reasons, cash offers typically result in faster closing timelines. Listing A House For Sale. 5-8% is a chunk of change!

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Closing costs Inspection Closing Renovation 96