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First-time homebuyers are being insulated by slower market conditions. Will it last?

Housing Wire

The market is not great, so we aren’t often dealing with multiple-offer situations. Due to these conditions, Dwiggins and other industry professionals believe there won’t be much of an impact on first-time buyers until the housing market strengthens, leading some sellers to potentially stop offers of buyer broker compensation. “If

Marketing 448
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2025 mortgage predictions: Your playbook for a winning year

Housing Wire

After a year filled with rate swings, unpredictable markets and a bit of drama (thank you, inflation), the real estate world is ready for a fresh start. Whether youre looking to buy your first home, upgrade or simply gain clarity on the current market , this guide is your insiders playbook to tackle 2025 with confidence.

Mortgages 370
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12 Typical Closing Costs for Seller in Alabama

HomeLight

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days.

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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

.” According to data from the Community Home Lenders of America , verification of income , employment and assets typically costs up to $280 per mortgage application, a charge tacked onto others in an already-expensive transaction. ” FinLocker indicated that future initiatives will target other high-cost areas like title expenses.

Mortgages 306
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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. Staging Costs. Bottom Line.

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CFPB director open to changing mortgage regs to fix refi process

Housing Wire

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476
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From consultation to closing: The definitive homebuying checklist

Housing Wire

While you want your clients to be prepared, focus primarily on the immediate next steps and reiterate the key details as you progress through each stage of the transaction. Set the stage: Educate your clients on the market This is your time to shine! Related article How to prepare a comparative market analysis (CMA) report 4.

Closing 364