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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

It explicitly allows for such offers to be made off-MLS, however. If sellers cannot notify buyers about offers off-MLS, many buyers will not have the information they need to determine whether a home purchase is financially feasible. Rolling the fees into the mortgage” leaves the buyer with a higher interest rate.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

Agents listing older or more rundown homes will frequently leave notes in the MLS saying that the home will not pass VA appraisal and therefore they are not accepting any VA offers. This, however, doesn’t stop VA buyers from submitting an offer on the home.

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Mortgage Rates Drop: Income Needed for $250K, $400K, $1M Homes

Marco Santarelli

As Lisa Sturtevant, chief economist at Bright MLS, put it, “Although a slowing economy may not seem like a good thing, lower rates could give the housing market the shot in the arm that it so desperately needs.” Credit Score and Debt: Lenders will scrutinize your credit score to assess your creditworthiness.

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What’s the Difference Between a House Under Contract and a Pending Sale?

RIS Media

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Sometimes an MLS doesn’t have a status label available that accurately reflects a house’s status.

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Vital Steps to Take When Purchasing Your First Home

Realty Biz

Many first-time home buyers have low credit scores and need help with high debt-to-income ratios. Consider your monthly income, expenses, and debt-to-income ratio when setting a budget for your new home.

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Are One-bedroom Apartments Hard to Sell? Well, it Depends

HomeLight

Some first-time homebuyers may have high debt-to-income ratios due to student loans or other forms of debt, and may not have as much money for a down payment as a second-time homeowner. Words sell , and in the MLS, they can help you sell for a lot more. Source: (Amel Majanovic / Unsplash).

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. It’s easy to sketch out an area in the MLS and do some quick napkin math to find out the months of inventory. The first would be your local MLS.