Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 448

Industrial MLS FHA loan Agents 448

Housing Wire

AUGUST 19, 2024

Mandatory commission offers from listing agents (and sellers) to buyer agents that are now required to be included in NAR -operated Multiple Listing Services (MLS) listings have allowed the industry to maintain near-uniform commission rates of 5-6% and deterred negotiation over these services.

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

JUNE 13, 2022

From Multiple Listing Services (MLS) to consumer-facing giants like Zillow , Realtor.com and Redfin , the real estate industry is raising awareness about homebuyer assistance programs through agent education and self-service tools that help consumers find programs they qualify for. The business case for offering homebuyer assistance.

Finance 370

Finance Loans Closing Closing costs 370

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

Closing costs 98

Closing costs Closing Seller concession Title search 98

The Close

NOVEMBER 25, 2024

Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. During preforeclosure, homeowners have two main options: sell the property or pay off the outstanding loan balance. Real Estate Agents Investors can work with real estate agents with access to the MLS.

Hard money loan 96

Hard money loan Investor Loans MLS 96

The Close

NOVEMBER 25, 2024

However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

HomeLight

NOVEMBER 1, 2021

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs.

Closing costs 98

Closing costs Closing Purchase and sale agreement VA loan 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. Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates.

Marketing 98

Marketing Closing costs Inspection Agents 98

Housing Wire

OCTOBER 20, 2023

Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS. This could include posting information regarding down payments, typical closing costs to expect, first-time homebuyer programs available, and tips on navigating lending.

Agents 434

Agents Lending Staging Renovation 434

Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

Loans 31

Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

MARCH 7, 2025

MLS has a field to mark a listing as is? Real estate attorneys are not considered essential for closing in the state of New Jersey. These companies can help sellers cash out quickly, and many will cover a sellers closing costs. Considering that a survey from Bright MLS stated that 53.1%

As-is 52

As-is Inspection Finance Investor 52

HomeLight

OCTOBER 5, 2020

When a home is listed as a short sale, the lender forgives the remaining balance of the loan. You’ll need to get preapproved for a mortgage loan. Bank statements can also be used for certain mortgage loans if you have a non-traditional job or a side gig. Closing costs can add up to thousands of dollars in fees.

Short sale 97

Short sale Sales Pre-approval Pre-qualification 97

HomeLight

MARCH 14, 2025

Fast facts about selling a house as is in Idaho Median sales price in Idaho $481,500 Average days on market (DOM) for Idaho 77 days Disclosures Idaho law requires sellers to disclose material facts about the property through the Sellers Property Condition Disclosure Form MLS has a field to mark a listing as is?

52

52

HomeLight

JUNE 30, 2024

This site, owned by the National Association of Realtors , aggregates listings from multiple sources, including the Multiple Listing Service (MLS). With a subscription, you gain full access to detailed property information about foreclosures, preforeclosures , bank-owned homes, MLS listings, distressed properties, auctions, and short sales.

Short sale 115

Short sale Banks Finance Investor 115

HomeLight

AUGUST 30, 2021

An experienced agent can help you by conducting specific MLS searches , consulting their real estate network, and through general knowledge of market and area trends. If you’re renting to own so you’ll have better loan terms when you buy in a few years, start working on your credit in preparation. “It Don’t close any unused accounts.

Purchase and sale agreement 115

Purchase and sale agreement Inspection Inspection contingency Closing costs 115

The Close

DECEMBER 5, 2024

Your real estate agent and the lender will break down your closing costs in a closing disclosure form. Closing costs can range from 2% to 6% of the purchase price. However, a conservative rule of thumb to calculate your closing costs is to estimate about 5% of the property’s purchase price.

House Flipping 98

House Flipping Renovation Closing costs Hard money loan 98

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Indiana. Sellers have had people come in and give them quotes on repairing the damage, and then will attach those quotes to the MLS ( multiple listing service ) so the agent can share them with the client.

As-is 118

As-is Purchase and sale agreement Inspection Closing costs 118

Real Trends

MAY 9, 2023

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

MLS VA loan Equity Agents 100

Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. This will give you a better understanding of the loan amount you qualify for and the potential monthly payments. They have access to the Multiple Listing Service (MLS) and can help you find homes that may not be readily available to the public.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

MARCH 7, 2025

MLS has a field to mark a listing as is? Real estate attorneys are not considered essential for closing in the state of New Hampshire. These companies can help sellers cash out quickly, and many will cover a sellers closing costs. No Is a real estate attorney required? Real estate transfer taxes?

As-is 52

As-is Inspection Finance Investor 52

HomeLight

MARCH 30, 2021

Short sales are generally available directly through the MLS. The city or county clerk’s office has lists of people in loan default, or pre-foreclosure, but note that there’s a period of typically about six months after a homeowner’s last missed mortgage payment before the bank will actually foreclose. Pay attention to the appraisals.

Short sale 80

Short sale Sales Pre-approval Closing costs 80

HomeLight

FEBRUARY 21, 2023

MLS has field to mark a listing “as is”? Real estate attorneys are considered essential for closing in the state of Georgia Real estate transfer taxes? These companies can help sellers cash out quickly, and many will cover a seller’s closing costs. No Is a real estate attorney required?

As-is 105

As-is Inspection Investor Closing costs 105

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are considered essential for closing in the state of North Carolina. Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. Disclosures. Real estate transfer taxes?

As-is 112

As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

JANUARY 3, 2023

The most reliable comps are going to be those within as close of a radius as possible to the location where you’re selling a property. Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Closing costs. Step 9: Close the sale.

Purchase and sale agreement 115

Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

JUNE 29, 2022

Once upon a time, the only place you could find property data was the MLS (multiple listing service) , a series of private databases real estate professionals use to share listing information among one another and broker deals. Different loan types have different guidelines and criteria that the appraiser must meet,” says Swecker.

MLS 111

MLS Seller concession Sales Agents 111

HomeLight

AUGUST 23, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Ohio. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans. . $281,176 (June 2022).

As-is 111

As-is Investor Closing costs Inspection 111

HomeLight

MARCH 12, 2025

2025) $455,000 Average days on market (DOM) for Nevada 47 days Disclosures Nevada law requires sellers to disclose material facts about the property through the Sellers Real Property Disclosure Form Does MLS have a field to mark a listing as is? These companies can help sellers cash out quickly, and many will cover a sellers closing costs.

As-is 52

As-is Inspection Finance Investor 52

HomeLight

AUGUST 31, 2021

You’re reading through a new MLS listing, and you believe you found your ideal home. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Short sales can typically be found through the MLS database or your buyer’s agent.

Pre-approval 111

Pre-approval Short sale Banks Finance 111

HomeLight

SEPTEMBER 30, 2020

The Federal Housing Administration (FHA) is part of HUD’s Office of Housing, and it guarantees certain mortgage loans for lenders by providing mortgage insurance on loans for borrowers who may not qualify for a conventional mortgage ; the lenders in turn provide those mortgages to homebuyers. The home is then sold at a discount by HUD.

Earnest money deposit 98

Earnest money deposit FHA loan Pre-approval Finance 98

HomeLight

MARCH 31, 2022

The most reliable comps are going to be those within as close of a radius as possible to the location where you’re selling a property. Since you won’t be able to access MLS data without a real estate license, you’ll need to look at major home search sites to collect your data. Closing costs. Step 9: Close the sale.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

AUGUST 24, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are considered essential for closing in the state of Connecticut. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Instead, the agent will write ‘as is’ in the MLS remarks section. Disclosures.

As-is 111

As-is Inspection Closing costs Investor 111

HomeLight

MAY 19, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Maryland. “As You are limiting the number of buyers that could purchase the property because of the type of loan they have,” Umanzor says. Be aware of minimum property standards for certain loans.

As-is 119

As-is Inspection Investor Closing costs 119

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Wisconsin. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans. Disclosures.

As-is 116

As-is Inspection Investor Closing costs 116

HomeLight

MAY 8, 2024

Real estate attorneys are not considered essential for closing in the state of Louisiana Real estate transfer taxes? These companies can help sellers cash out quickly, and many will cover a seller’s closing costs. No Is a real estate attorney required?

As-is 111

As-is Inspection Finance Residential 111

Marco Santarelli

FEBRUARY 15, 2025

Where Mortgage Rates Stand Now According to Freddie Mac, rates for 30-year fixed home loans averaged 6.89% last week and have been hovering near 7% since the beginning of the year. As Lisa Sturtevant, Chief Economist at Bright MLS, points out , “The stickiest part of the inflation measure has been the housing component.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Finance 52

HomeLight

JULY 25, 2022

MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Florida. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans. Median sales price in Florida.

As-is 110

As-is Purchase and sale agreement Inspection Closing costs 110

HomeLight

OCTOBER 9, 2023

Tip 7: Shop on the edge of your location boundaries While an agent should create a fairly exhaustive search for prospective buyers, Wordelman says that one thing they sometimes overlook is opening up searches to MLS systems that might be right on the edge of where you want to buy. “If

Pre-qualification 111

Pre-qualification Pre-approval Agents Loans 111