Remove Days on market Remove Mortgages Remove Seller concession
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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. This is the time for buyers to discover any deficiencies in the property and work with the seller to resolve any issues.

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Home Prices Fall and Listings Soar: Could It Be a Great Time To Buy Despite High Mortgage Rates?

Realtor.com

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. Put simply, many potential home sellers have decided to stay put rather than list. Some areas in the United States are taking the brunt of the market downturn.

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What Is the Cost to Sell a House in Texas?

HomeLight

Nevertheless, Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, says sales are good and it’s still a seller’s market. To illustrate, if you sold your Texas Craftsman home for $325,000, the seller’s costs could range from $22,750 to $26,000. 0-$19,500.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

One item of note: We don’t include your mortgage loan payoff in our cost estimate, so keep in mind that you have to pay off any outstanding home loan balances when you sell. Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. Seller concession. Percentage of home value.

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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

Is your market heating up or slowing down this spring? The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. So, which markets are cooling off the quickest? High mortgage rates. Low inventory.

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A top agent’s take on 2023 housing trends

Real Trends

You can remind your clients that paying rent is still paying a mortgage —just someone else’s. For example, homes priced at $600,000 and below are most influenced by mortgage rates. There will be less price negotiation, more rate buy-downs and more seller concessions.

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How to Find Comps for My House: An Illustrated Guide

HomeLight

Agents use the same factors as a home appraiser because they know that if your house fails to appraise appropriately, a buyer may not get a mortgage on it, and the sale could fall through. If the appraiser says that your home’s market value is less than the offer price, the buyers can negotiate the price down or back out of the sale.

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