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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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ALTA: Protecting property rights with title insurance

Housing Wire

Title insurance is different than most other insurance products. ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015. Title insurers’ upfront, curative work involved in a title search is critical to help reduce risk of claims.

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Purchase market will highlight closing process problems

Housing Wire

But now that it’s all but certain we are coming into a true purchase market, the unknown and uncertainty that is the period prior to close will once again come under more scrutiny. With a purchase market, of course, comes higher production costs and weaker margins. There’s just a lot more to a purchase mortgage.

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If you haven’t refinanced yet, is it still worth it?

Housing Wire

Interest rates were at an all-time low last year, which is why the housing market saw such a spike. So while you might eventually save money from refinancing, you’ll also spend money on closing costs. There’s also a chance your lender will require another title search and title insurance, which would add to your costs.

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. Using more than one vendor can increase the overall cost of the process as well. It’s easy to see why.

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

Housing Wire

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. What’s the difference between a home inspection and an appraisal?

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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?