Housing Wire

DECEMBER 9, 2024

By March, were likely to see a healthy uptick in sales. Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. If youre looking to buy or sell, nows the time to start prepping.

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. Census Bureau ’s new-home sales report for May shows that transactions took a nosedive to a seasonally adjusted annual sales volume of 619,000. months at the current sales rate in May. It was at 8.1

Sales 459

Sales MLS Closing costs Equity 459

Housing Wire

SEPTEMBER 19, 2024

After a modest monthly uptick in July, existing-home sales fell 2.5% Sluggish sales left total housing inventory at 1.35 more than a year ago, bringing months of supply at the current sales pace to 4.2. New-home sales — while making up a considerably smaller share of the housing market — rose sharply in July. And it’s 22.7%

Sales 459

Sales Closing costs MLS Inspection 459

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 448

Sales New Construction Construction Closing costs 448

HomeLight

OCTOBER 24, 2024

Typically, a seller can expect to pay between 3% and 6% of a home’s sale price as commission, plus another 2% to 4% for closing costs , including taxes, settlement fees, and title fees. The average home sale price in Ohio was $302,384 in August 2024 compared to a 2023 average of $285,746.

Closing costs 102

Closing costs Closing Title Sales 102

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

Purchase and sale agreement 448

Purchase and sale agreement Sales Closing costs Closing 448

Housing Wire

DECEMBER 7, 2024

The theory is that older peoples homes either through death or their choice to downsize and relocate will be listed for sale and become available to younger buyers. The first is related to the demographic trends playing out across the U.S., The second is in reference to housing inventory.

Closing costs 370

Closing costs Land Construction Marketing 370

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. of the loan amount) at settlement to use toward their closing costs.

Brokerage 370

Brokerage Agents Technology Industrial 370

Redfin

FEBRUARY 20, 2025

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?

Closing costs 52

Closing costs Closing Seller concession Title 52

Housing Wire

APRIL 26, 2024

In certain circumstances, the program would allow for inclusion of “an ‘interested party contribution’ [of] up to six percent of the sales price,” according to the original plan. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 488

Closing costs Development Equity Closing 488

Housing Wire

JUNE 10, 2021

According to Redfin, the average real estate commission is 5%–6% of the home’s sale price. A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Seller Concessions. Bottom Line.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs 47

Closing costs Closing VA loan Seller concession 47

Housing Wire

FEBRUARY 28, 2024

They will also be offered closing cost credits of up to 0.5% of the sales price when buying a home and up to 1% when selling. The program is only eligible for loans that close through Newrez. Unlike other offerings, there is no limit on the home sales price.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

HomeLight

AUGUST 13, 2024

Understanding the financial aspects of closing costs is an important factor when selling your home in Illinois. Closing costs are various fees that sellers need to cover to finalize the sale of their property. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 111

Closing costs Closing Principal Loans 111

HomeLight

AUGUST 12, 2024

When selling a home in Colorado, understanding closing costs is important. Closing costs refer to the various fees and expenses that sellers typically incur to finalize the sale of their property. These costs include things like loan payoff amounts, real estate agent commissions, and more.

Closing costs 111

Closing costs Closing Principal Loans 111

HomeLight

AUGUST 13, 2024

When selling your home in Indiana, it’s important to understand the various expenses involved, including closing costs. These fees cover essential services and procedures required to finalize your property sale, such as loan payoffs, property taxes, and agent commissions. What are closing costs?

Closing costs 111

Closing costs Closing Principal Loans 111

Housing Wire

NOVEMBER 30, 2023

Home sales are expected to rise, as homebuyers will have more options to choose from. Existing-home sales will end 2024 at 4.6 Home sales are poised to remain low during the first quarter of 2024, according to the report. Existing-home sales are projected to climb to an annualized rate of 4.6 by the year’s end.

MLS 493

MLS Closing costs Sales Mortgages 493

HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. These numbers impact your financial standing either cutting into your sale proceeds or increasing your monthly mortgage payments. But what are closing costs?

Closing costs 104

Closing costs Closing Title Seller concession 104

Housing Wire

APRIL 30, 2024

In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgages 447

Mortgages Closing costs Equity Construction 447

HomeLight

AUGUST 12, 2024

Knowing the full scope of closing costs is essential when selling your Nevada. Closing costs are the fees and expenses associated with finalizing a real estate transaction, which sellers are responsible for paying at the sale’s conclusion. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 110

Closing costs Closing Principal Loans 110

HomeLight

AUGUST 13, 2024

It is important to understand the full scope of closing costs when selling your home in Arkansas. These costs consist of various fees and expenses that sellers are responsible for at the final stage of a property sale. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 110

Closing costs Closing Principal Loans 110

HomeLight

JULY 11, 2024

Disclaimer: This article provides estimates of a seller’s closing costs that are meant for educational and research purposes only; our calculations are not a guarantee. Before planning your next steps, you’ll want to factor in your closing costs to determine how much money you’ll actually pocket when the sale is completed.

Closing costs 110

Closing costs Closing Title search Title 110

HomeLight

AUGUST 12, 2024

If you’re selling your home in Utah, you’re likely curious about the costs involved in closing the deal. Closing costs are the various fees and expenses associated with the finalization of a real estate transaction. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 111

Closing costs Closing Principal Loans 111

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan 482

VA loan Agents Seller concession FHA loan 482

HomeLight

AUGUST 27, 2024

When you sell your home in Nebraska, it’s important to know what closing costs might affect your final payout. Closing costs are the various fees, taxes, and other expenses associated with completing a real estate transaction. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs 110

Closing costs Closing Principal Loans 110

HomeLight

AUGUST 21, 2024

One key detail to plan for is closing costs—those fees and expenses that arise when finalizing the sale of your property. In this guide, we’ll explain how closing costs work in San Diego and what specific fees sellers should anticipate. What are closing costs? Selling your home in San Diego?

Closing costs 111

Closing costs Closing Loans Title 111

HomeLight

AUGUST 7, 2024

If you’re selling your home in New Hampshire, understanding closing costs is essential. Closing costs refer to the fees and expenses of finalizing a property sale. These costs include anything from loan payoff amounts and property taxes to real estate agent commissions and HOA fees.

Closing costs 110

Closing costs Closing Principal Loans 110

HomeLight

AUGUST 21, 2024

Understanding closing costs is key to a smooth transaction. Closing costs represent a variety of fees and expenses you’ll need to pay when finalizing your home sale. In this quick guide, we’ll explore how closing costs work in Chicago and outline the expenses you can expect when selling your home in the city.

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

AUGUST 19, 2024

Selling a home in Pennsylvania comes with its share of expenses, including closing costs. Closing costs are various fees and expenses that arise during the final stages of a real estate transaction. These costs typically include taxes, agent commissions, and administrative fees. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

Housing Wire

NOVEMBER 22, 2023

Price cuts are not the only way builders are fighting for sales. Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. But boosting sales is only one part of keeping supply in check. 2019 level.

Closing 488

Closing Closing costs Sales Mortgages 488

HomeLight

AUGUST 21, 2024

Curious about closing costs in Oklahoma? When you sell your home , there are expenses—known as closing costs—that come into play before the sale is completed. These costs typically cover things like loan payoffs, property taxes, and other essential fees. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

AUGUST 21, 2024

When finalizing your sale, there are a few financial details to keep in mind—especially closing costs. Closing costs encompass the various fees and expenses sellers are responsible for when transferring property ownership. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

AUGUST 22, 2024

As you prepare for closing, you’ll encounter closing costs—fees tied to finalizing the sale. In this quick guide, we’ll discuss the specific closing costs Minnesota sellers can expect when selling their property. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

HomeLight

AUGUST 19, 2024

When selling your home in Iowa, it’s important to understand the costs involved in closing the deal. Closing costs are the various fees and expenses that sellers are responsible for after a real estate transaction. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

Housing Wire

MARCH 15, 2024

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. Caccia, the LO at CCM, expects homebuyers to request a closing cost credit to cover their agents’ commissions.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Put everything in writing.

Purchase and sale agreement 459

Purchase and sale agreement Finance Closing costs Closing 459

HomeLight

AUGUST 8, 2024

Knowing the full scope of closing costs is important for a smooth transaction. Closing costs are the fees and expenses paid when you finalize the sale of your property. Receive your offer in 24 hours and close in as few as 10 days. What are closing costs? Selling your home in Massachusetts?

Closing costs 111

Closing costs Closing Sales Loans 111