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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

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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. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

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Top LO Ben Cohen thinks first time buyers will return to the housing market this year

Housing Wire

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. Ben Cohen: I’ve definitely seen an increase in inbound calls from people wanting to get pre-approved to buy a home. billion in 2021.

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Take more time, ask better questions: How loan officers are getting clients in homes as rates soar

Housing Wire

Being conservative never hurts and being strategic about the market is important, Jared Sawyer, a sales manager at loanDepot , said. Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. “I let them know their options. “If

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How to Beat a Contingent Offer on the House You Want

HomeLight

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer. Get Started 1.

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What Is the Cost to Sell a House in Chicago?

HomeLight

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale.

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Creative Ways To Win A Bidding War In A Competitive Market

Easy Agent Pro

Carefully consider factors like inventory levels, average sale prices, and average days on the market before making decisions. Setting a Realistic Budget and Obtaining Pre-Approval Before engaging in bidding wars, creating a realistic budget is essential. This will prevent overextending yourself financially.