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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Consequently, mortgage industry executives believe buyers will pay agents out of pocket or ask sellers to pay their agent fees through concessions.

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Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

REsides, an independently owned MLS based in South Carolina, has a similar comment box that can be used for seller concessions. The DOJ isn’t the only remaining legal threat to the real estate industry. Defendants in the Batton cases, both of which are in the pretrial stage , have filed motions to dismiss.

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

HomeLight

We detail what costs you’re likely to incur and what sellers pay on average. Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Seller concessions.

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Does Smoking Inside a Home Affect Its Value? Should You Still Buy It?

HomeLight

The house looks clean and is staged well, but it has a persistent cigarette odor that seems to have seeped into the walls. Agent Jessica Smith , who is based in Alabama and has more than seven years’ experience in the industry, says that motivated sellers will take care of the smoke problem before they put the house on the market. “If

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

They also offer a home listing option for home sellers. If you sell to them, you can skip making repairs, cleaning your home, and keeping it clean for showings, and staging. They offer a quick closing process designed to suit home sellers who need a fast transaction or just don’t want to be bothered with the fuss of listing.

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What to Expect When Selling a House Within a Year of Purchase?

HomeLight

Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent. can add up quickly and include: Staging and house prep fees (varies). Seller concessions (2% to 6% to financially help the buyer). Get a Free Home Value Estimate. Realtor commissions for the sale (5% to 6%).

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How to Pick a Real Estate Agent for Buying a Home

HomeLight

Just as any good expert in any industry would seek to further their education and stay on top of changes or advancements in their field, many real estate agents pursue additional certifications to strengthen their skillset. If you still need more references, or if you don’t have any by the interview stage, this is the time to ask.

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