Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

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Housing Wire

JUNE 25, 2024

After years of a market that favored sellers, the pendulum is slowly swinging back in favor of buyers. There are three stages that agents and their clients need to be aware of. Stage 1: Preparing for the home appraisal First, if you represent buyers making an offer on a home, it’s vital to include an appraisal contingency in the offer.

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Staging Seller concession Finance Closing costs 396

HomeLight

OCTOBER 29, 2024

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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Closing costs Closing Title search Title 105

Housing Wire

MAY 20, 2024

Rohit Chopra , the head of the Consumer Financial Protection Bureau , and frequent critic Bob Broeksmit, the president and CEO of the Mortgage Bankers Association , sparring on stage over what constituted a junk fee. If you end up pulling three scores in a tri-merge report, it’s $10.50.

Mortgages 482

Mortgages Closing costs Loans Staging 482

Housing Wire

NOVEMBER 26, 2024

At any time of year, an effective pricing strategy can be the difference between a home that sells quickly at a desired price and one that languishes on the market for months. Offer incentives for fast closings Consider rewarding well-qualified buyers who can get to the closing table quickly.

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Staging Investor Closing Closing costs 370

Housing Wire

NOVEMBER 20, 2024

“FICO set the stage for the pricing increase with their 40% increase this year. ” At Tennessee-based First Community Mortgage , which operates with about 200 registered loan officers across 38 active branches, credit reporting costs are projected to increase by 22% in 2025. ” Metz said. ” Leading U.S.

Mortgages 435

Mortgages Loan Officer Closing costs Loans 435

Housing Wire

AUGUST 23, 2024

Michiels: So obviously, some of this is market specific. In some markets, like in Texas, for example, I have agent clients who are in a little bit more of a buyer’s market. In those markets, listings are starting to sit and so there is some logic to the seller offering a buyer’s agent commission.

FHA loan 427

FHA loan Agents Brokerage Staging 427

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

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Lending Banks Loan Officer Loans 393

Housing Wire

JULY 19, 2021

Using Xome’s Xpert Seller Program, servicers can help borrowers determine the best marketing strategy list and sell their homes. This new program is designed to connect borrowers with local real estate professionals and guide them through the process of marketing and selling their home. Additionally, Xome.com drives over 1.6

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MLS Equity Closing costs Sales 448

Housing Wire

MARCH 2, 2023

billion, largely due to improvement in tech that helped pick up market share from competitors, Max Slyusarchuk, CEO of A&D Mortgage, said in an interview with HousingWire. “We A&D is also in the final stages of its non-QM automated underwriting system, which will be distributed to broker partners in the coming months.

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Mortgages Loans Investor Banks 418

Housing Wire

FEBRUARY 14, 2024

The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees.

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Backup offer Loan Officer Home sale contingency Branding 448

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

Housing Wire

APRIL 18, 2023

In slow or even healthy purchase markets, these points can put a lender at a competitive disadvantage and constrict margins unnecessarily. These points of focus include data collection and entry at any stage of the process. They could also include improving the post-closing process.

Mortgages 370

Mortgages Technology Closing costs Title 370

HomeLight

APRIL 12, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Purchase and sale agreement Title search 104

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Market updates Future clients, whether buying or selling, want to feel assured that their real estate agent has a firm grasp on the happenings of the market.

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Agents Lending Staging Renovation 434

HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Get Started What does a buyer pay in closing costs?

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Closing costs Closing Title Inspection 98

Housing Wire

SEPTEMBER 6, 2024

Opposing viewpoints Typically, when kickbacks are discussed in the real estate industry, the Real Estate Settlement Procedures Act (RESPA) takes center stage, but that was not the case in D.C. Ewing of Federal Title & Escrow is one who believes that firms like Allied were capitalized far below fair market value.

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Title Industrial Agents Closing costs 459

HomeLight

OCTOBER 9, 2024

Even in an active housing market, timing your sale can be challenging. In this post, we share 20 tips used by top real estate agents to show you how to sell a house fast in a slow market. Hire a top agent with proven speed results A seasoned real estate agent knows the tactics that work in slow markets. Looking to Sell Fast?

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Purchase and sale agreement Inspection Marketing Seller disclosure 105

Realtor.com

DECEMBER 10, 2020

In this market, trying to negotiate a sales price probably won’t get you far.”. But even in a seller’s market, there are myriad opportunities to negotiate, from requesting home repairs to offering a speedy closing. Closing costs. Buying in a seller’s market is tricky. So, what all can you negotiate?

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Closing costs Inspection Closing Rent back 142

HomeLight

SEPTEMBER 14, 2022

When home prices and mortgage rates fluctuate it can make your head spin, especially if you need to sell a house in a down market. To help you navigate a shifting housing market, we spoke with real estate agent Mari Slobounov, who is a business partner with the top-producing Lynn Holley Real Estate Group in Madison, Wisconsin.

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Marketing Inspection Staging Seller concession 122

HomeLight

MAY 16, 2024

Keep the house and sell at a later time: Sometimes, couples choose to keep the home temporarily , often for the stability of children or to await better market conditions. For the purposes of this post, we’ll focus on online tools that can provide helpful information in the early stages of decision-making.

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Closing costs Equity Closing Staging 110

Marco Santarelli

JUNE 4, 2024

Seeing headlines about a cooling housing market might have you worried, but before you hit the panic button, let's take a closer look at what's really going on. This past week of May, the housing market saw some interesting shifts. This means a return to a more balanced market where buyers and sellers have more room to negotiate.

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Marketing Staging Mortgages Sales 98

HomeLight

JANUARY 30, 2024

Navigating the real estate market in Denver can feel like a high-wire act, especially when juggling selling your current home with purchasing a new one. This balancing act becomes even more challenging in a market with low inventory and high prices. This can be a game-changer in fast-paced markets like Denver.

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Equity Loans Debt-to-income ratio Home sale contingency 111

Realty Biz

OCTOBER 10, 2023

The current real estate market is facing a number of unfavorable factors, including rising interest rates , inflation, and a limited supply of homes. However, there are a number of things that real estate professionals can do to market their properties effectively in this market.

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Industrial Marketing Staging Closing costs 85

Marco Santarelli

SEPTEMBER 22, 2020

We'll be discussing the latest Chicago real estate market trends. The Chicago housing market recorded positive month-to-month and year-over-year increases in both prices and sales, reversing two months of declines in sales, a great sign that the market is bouncing back from the COVID-19 pandemic. percent from July 2019 sales.

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Marketing Sales Investor As-is 140

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. It allows you to tap into your existing home’s equity, providing funds for the down payment and closing costs on your new Miami residence. This is a typical scenario where a bridge loan is helpful.

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property. However, there’s a solution that you may not have considered: a bridge loan.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

SEPTEMBER 13, 2022

Before you make any move, it’s important to examine the current housing market and listen to what the experts are saying about inflation’s impact on homes. This is an in-depth look at how inflation is affecting the housing market, and what it means for you. We’ve been in a seller’s market for the last 10 years, and real estate cycles.

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Marketing Finance Agents Construction 118

Marco Santarelli

OCTOBER 2, 2020

This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Metro Atlanta housing market has experienced a smooth recovery by far. The market has not only returned to pre-COVID-19 levels in the Housing Recovery Market Index of Realtor.com but it has also surpassed January's baseline by 7.8

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Marketing Residential Sales Investor 138

HomeLight

FEBRUARY 28, 2022

Whether you’ve inherited a property, are relocating for your career, or just want to save time, there’s no need for your house to sit unsold — especially in 2022’s sellers’ market. Knowing how to market to your target audience, whether you’re hoping to sell your house fast for cash or prefer a more traditional sale. Yes, no, and WOW.

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Staging Agents Closing costs Sales 114

RIS Media

OCTOBER 29, 2020

Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house. Closing Costs. Many of these will need to be paid at closing. Sometimes sellers are willing to help with closing costs to make things easier for the buyer. Getting Prepared.

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HomeLight

FEBRUARY 13, 2024

At HomeLight, we understand the complexities of the real estate market. From determining the right asking price to navigating the closing process, we’ve got you covered. Price too high, and you risk your home sitting on the market; too low, and you might not get the full value of your investment.

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Staging Inspection Agents Sales 113

HomeLight

MAY 31, 2022

In recent years, we’ve experienced a seller’s market – and many homeowners have been eager to take advantage of the situation. Nevertheless, despite rising interest rates and creeping inflation, the housing market continues to enjoy favorable pricing, largely due to low inventory. Money spent on home staging: $2,250 (0.6%).

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Seller concession Closing costs Staging Sales 124

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. The Seattle market continues to sizzle with a DOM of just 33 days. The Seattle market continues to sizzle with a DOM of just 33 days. How much does it cost to sell a house in Seattle?

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Seller concession Closing costs Agents Closing 119

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. It uses the equity from your previous home to cover the down payment and closing costs for your new home, acting as a financial bridge between the two transactions.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. A bridge loan lets you leverage the equity in your current home to provide the necessary cash for a down payment and to handle closing costs for your new house.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home. Are you a homeowner in Washington, D.C.,

Equity 111

Equity Loans Home sale contingency Debt-to-income ratio 111