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Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. Almost a month after the rules went into effect, that appears to be happening.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”. “To ensure the NFT is traded as agreed, the NFT seller (homebuyer) has two choices.

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What Happens if the Inspection Contingency Expires on a Home Offer?

HomeLight

For example, if the inspection reveals that repairs will cost more than a pre-agreed limit, say $3,000, you might have the option to back out of the deal while retaining your earnest money deposit. The timelines in these addendums are designed to keep the transaction moving forward while protecting your interests as a buyer.

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Opendoor opens its ‘Exclusives’ platform to home sellers

Real Trends

In addition, Opendoor says that homebuyers may back out of the purchase at any time and receive a full refund on their earnest money deposits. The firm says the experience is “designed to put home sellers in control, with no upfront commitment, flexibility to close early, and certainty of close.”.

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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

They are essentially clauses in your purchase agreement that are designed to protect you from unforeseen issues, like problems unearthed during a home inspection or difficulties securing financing. Contingencies provide a way to back out of the real estate transaction without penalty under certain circumstances.

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A kick-Out Clause Beats a Home Sale Contingency For Sellers

Realty Biz

The property stays active in the Multiple Listing Service with a designation of there being a kick-out clause in place. The buyer will be given their earnest money deposit that is held in escrow. The way a kick-out clause will come into play is when a new buyer comes forward and makes an offer on the property.

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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Department of Agriculture (USDA) specifically designed to help low-to-moderate-income families purchase homes in rural areas. Rural areas: These loans are specifically for properties located in designated rural areas. The program is designed for those who meet certain income thresholds.