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Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Connecticut sellers can count on these costs. Source: (Roger Starnes Sr / Unsplash).

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Are Closing Costs Tax Deductible?

Redfin

But what if you recently bought a home, are closing costs tax-deductible? Before answering that question, it’s a good idea to understand what closing costs are and what is typically included in them. What Are Closing Costs? Closing costs are the fees you pay when you obtain a mortgage loan.

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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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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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Top Tips and Considerations For Buying Land

Realty Biz

Zoning determines land use, such as residential, commercial, or agricultural. Similarly, for utilities, if the land lacks access, investigate the cost and feasibility of installation before purchasing. The real estate attorney you are using should conduct a title search to ensure no liens against the property.

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HW: How can integrating title and valuation data points alleviate those pain points? SG: It can help close loans with greater speed and ease, reduce vendor oversight, mitigate risk, lower costs and ease underwriting reviews for lenders, servicers and investors. It’s easy to see why. Altisource does.

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Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. You’ll learn jargon you’ve never heard before, like earnest money , escrow, and title search. Source: (Erik Mclean / Unsplash).