Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. And under existing FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

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

Housing Wire

FEBRUARY 19, 2025

While you want your clients to be prepared, focus primarily on the immediate next steps and reiterate the key details as you progress through each stage of the transaction. Set the stage: Educate your clients on the market This is your time to shine! During the tours, highlight features that meet their needs and wants.

Closing 329

Closing Earnest money deposit Due diligence Pre-approval 329

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

HomeLight

MARCH 24, 2025

In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? Weve broken out the most common questions about short sales to help you make a more informed decision about your next steps. What is a short sale? Find Agent 1.

Short sale 94

Short sale Sales Equity Mortgages 94

HomeLight

AUGUST 21, 2024

As a seller, you’re likely curious about the closing costs. Closing costs are the various fees and expenses that sellers pay during the final stages of a property sale. What are closing costs? This is the remaining balance that must be settled before the sale can be completed.

Closing costs 105

Closing costs Closing Principal Loans 105

Housing Wire

JULY 19, 2021

Once this path is determined, the servicer should be involved in assisting homeowners through the plan to exit forbearance, which may include the sale of their home. Once a homeowner decides to sell, it’s up to the servicer to ensure they fully understand each step of the home selling process. .

MLS 448

MLS Equity Closing costs Sales 448

Housing Wire

MARCH 2, 2023

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. bps toward closing costs at the time of the closing. “We Last year was not easy for non-QMs as the Federal Reserve tightened its monetary policy.

Mortgages 418

Mortgages Loans Investor Banks 418

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. But it still appears that the emphasis is on the big systems — with the focus on Point-of-Sale (POS) and Loan Origination System (LOS) technology especially. They could also include improving the post-closing process.

Mortgages 370

Mortgages Technology Closing costs Title 370

Housing Wire

AUGUST 23, 2024

In markets where inventory is tight, the way my agents are approaching it — and the way I’m advising them — is basically to use commission as a negotiation point in the sale. Michiels: So, at this stage, every real estate agent knows. We move forward, we buy a home and the seller is offering 1% toward commission at that stage.

FHA loan 426

FHA loan Agents Brokerage Staging 426

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

Closing costs 105

Closing costs Closing Title Agents 105

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. The original home is usually purchased at a discount.

Backup offer 448

Backup offer Loan Officer Home sale contingency Branding 448

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?

Closing costs 104

Closing costs Closing Purchase and sale agreement Title search 104

HomeLight

JUNE 15, 2023

Did the closing costs for the buyer in particular catch you by surprise? Closing costs refer to the cash required to complete your real estate purchase. According to ClosingCorp , a national provider of closing data, Americans pay $5,749 (on average) in closing costs. And is there any way around them?

Closing costs 98

Closing costs Closing Title Inspection 98

HomeLight

APRIL 10, 2025

Timing the sale and purchase just right especially in a competitive market like Phoenix often adds extra pressure. You can then make a strong offer on your next home with no home sale contingency. Because bridge loans are designed for speed and convenience, they usually cost more than a traditional mortgage.

Equity 52

Equity Loans Home sale contingency Debt-to-income ratio 52

Housing Wire

OCTOBER 20, 2023

Just sold stories If your clients are willing to be featured on your socials, celebrate their sale. To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more.

Agents 434

Agents Lending Renovation Staging 434

HomeLight

OCTOBER 28, 2024

A quick turnover can signal strong demand, potentially leading to a faster sale at a favorable price. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

HomeLight

APRIL 10, 2025

You can then make a strong offer on your next home with no home sale contingency. With a bridge loan, you can tap into your homes value to cover a down payment, closing costs, or other expenses tied to your new home. You cant afford a double move and interim housing, and lining up the sale and purchase timelines is essential.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

HomeLight

APRIL 9, 2025

You can then make a strong offer on your next home with no home sale contingency. It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Buy Before You Sell What is a bridge loan, in simple words?

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

HomeLight

APRIL 18, 2025

You can then make a strong offer on your next home with no home sale contingency. In this case, a bridge loan allows you to use the equity in your existing home to cover the down payment and closing costs on your new property. You can prepare your old home for showings, cleaning, and staging after moving out.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

Redfin

JANUARY 10, 2025

And when selling a home, more home equity often equals more flexibility youll have in timing the sale of your property. Transaction costs Transaction costs in real estate are the expenses associated with buying or selling a property. These costs can vary depending on the sale price and location of the property.

Seller concession 59

Seller concession Equity Closing costs Renovation 59

Realtor.com

DECEMBER 10, 2020

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In this market, trying to negotiate a sales price probably won’t get you far.”. If your inspection reveals any issues, you can ask the sellers to make repairs as a condition of the sale. Closing costs.

Closing costs 142

Closing costs Inspection Closing Rent back 142

Windemere Selling

MARCH 3, 2025

4 Account for Hidden Costs In addition to the purchase price of the home, there are additional costs you need to take into consideration, such as closing costs, appraisal fees, and escrow fees. Its also critical that you stage your home to generate maximum buyer interest.

Pre-approval 75

Pre-approval Inspection Closing costs Agents 75

The Close

MARCH 11, 2025

The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures.

Sales 52

Sales Due diligence Investor Finance 52

HomeLight

MARCH 30, 2022

Whether you’re an investor looking for a speedy sale so you can move on to your next deal or a homeowner trying to unload a property quickly to avoid financial strain, you’re in search of real estate cash buyers to purchase your house without a lengthy or uncertain process. Reduce the time it takes to close your sale.

Sales 111

Sales Investor Renovation Staging 111

The Close

NOVEMBER 25, 2024

This is considered the early stages of a home going into foreclosure. During this stage, the lender sends a Notice of Default to the homeowner, letting them know that legal action is being taken toward foreclosure. Look for Notice of Default, Notice of Trustee Sale, and Lis Pendens in the public records section.

Hard money loan 96

Hard money loan Investor Loans Finance 96

HomeLight

MAY 31, 2022

During the pandemic years, plunging interest rates were counter-balanced by rising home sales. Census Bureau and the Department of Housing and Urban Development (HUD), new home sales fell 16.6% Answering this question requires more than subtracting your remaining mortgage loan balance from the sales price. According to the U.S.

Seller concession 124

Seller concession Closing costs Staging Sales 124

HomeLight

DECEMBER 13, 2023

You can then make a strong offer on your next home with no home sale contingency. In real estate, a bridge loan, also known as a swing loan, bridging loan, or gap financing, lets you utilize the equity in your existing home to give you the money required to make a down payment and cover the closing costs for your new property.

Equity 116

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

HomeLight

DECEMBER 13, 2023

You can then make a strong offer on your next home with no home sale contingency. A bridge loan is a short-term loan that uses the equity you’ve built up in your existing home, providing you with the funds needed for the down payment and closing costs on your new property. What is a bridge loan, in simple words?

Equity 119

Equity Loans Debt-to-income ratio Home sale contingency 119

HomeLight

DECEMBER 29, 2023

You can then make a strong offer on your next home with no home sale contingency. This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property. Learn More DISCLAIMER: As a friendly reminder, this post is intended for educational purposes, not financial advice.

Equity 111

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

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. You can then make a strong offer on your next home with no home sale contingency. Selling your Atlanta home while looking to purchase a new one can be tricky.

Equity 111

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

HomeLight

DECEMBER 15, 2023

Managing the sale of your Austin home while trying to purchase a new one can be difficult. With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. You can then make a strong offer on your next home with no home sale contingency.

Equity 111

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

HomeLight

DECEMBER 7, 2023

You can then make a strong offer on your next home with no home sale contingency. It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home. You can’t afford a double move and interim housing or need to bridge the sale and purchase timelines.

Equity 111

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

HomeLight

SEPTEMBER 27, 2022

After new home sales set records in 2021 , the Texas housing market cooled in recent months, generally seeing decreases for homes under $400,000 that offset increases for homes priced over $750,000. How much does it cost to sell a house in Texas? Prepping your home for sale. What's Your Texas Home Worth? Get Estimate.

Seller concession 98

Seller concession Closing costs Homeowner’s association Title 98

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. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate.

Seller concession 119

Seller concession Closing costs Agents Closing 119

HomeLight

FEBRUARY 28, 2022

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. Real estate is a full-time job, so most people choose to hire an agent to help with both a fast sale and a fast purchase. Staging helps present a property in its greatest potential.”.

Staging 114

Staging Agents Closing costs Sales 114

HomeLight

MAY 3, 2023

But in focusing on the equity portion, people are often surprised to learn how much it costs to sell a house in the U.S. Selling fee Typical % of sale price Real estate agent commission 5.8% of the property sales price. That doesn’t account for the money spent on preparing the home for listing or moving fees.

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111