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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system.

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Borrowers exiting forbearance may choose to sell their homes – What role do servicers play?

Housing Wire

According to Black Knight , 96% of homeowners have at least 10% equity – meaning they may be able to pay off their loan, closing costs, and agent commissions without paying out of pocket or a short payoff. JC: There is no question that servicer capacity is a big issue.

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

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.

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What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

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.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

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.

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Flat Fee MLS Companies in New Jersey to Sell Your FSBO Home

HomeLight

Links and mentions of flat fee MLS NJ companies in this post do not constitute an endorsement. This leads some sellers to think about selling their homes without the help of a real estate agent — a decision that can come with the distinct disadvantage of not allowing them to list their home on the local multiple listing service (MLS).

MLS 101
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6 Flat Fee MLS Companies in Austin, Texas to Sell Your FSBO Home

HomeLight

Links and mentions of Austin, TX flat fee MLS listing companies should not be considered an endorsement. Although less common, some sellers opt for the FSBO (for sale by owner) route, which can entail using a flat fee MLS listing service that operates in Austin, instead of using a traditional real estate agent. Get Started.

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