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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Mortgage Rates 2024: Can Assumable Mortgages Get You a Lower Rate?

Marco Santarelli

This will involve a deep dive into your credit score, employment history, debt-to-income ratio, and any assets you hold. Some brokerages even specialize in assumable mortgages, so do your research and find an agent who can guide you through the process. Search Platforms: Websites like assumable.io

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How Will Home Buyers Pay Agents After the Commission Lawsuits

Hank Miller Team

The multiple commission lawsuits impacting the real estate industry will change how home buyers, home sellers and real estate agents interact. If a home seller opts not to offer a co-op compensation, how will home buyers pay agents after the commission lawsuits? Skilled agents work 24/7, is there a premium for nights and weekends?

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Buying a House in San Diego? Local Real Estate Agents Share 15 Tips First-Time Buyers Need to Know

Redfin

To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence. Work with that loan officer and their agent to understand what timeframes they’re comfortable with in an offer. – Gary Giffin | Redfin Partner Agent, AARE 2.

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Should I Buy a House Now or Wait? 10 Questions to Ask Yourself

HomeLight

According to top real estate agents across the country surveyed by HomeLight, the seller’s market that dominated most of 2020 and 2021 shifted a bit in 2022 and into 2023. The days of massive bidding wars are behind us; 98% of agents report that bidding wars in their market were either nonexistent or declining as of late 2022.

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These Rent-to-Own Homes Programs to Help You Get Into That House

HomeLight

We examined a range of programs for you to explore and consulted an experienced agent to help you understand what’s available and whether it’d be a good fit for you. Buyers will need to meet Home Partners’ minimum FICO requirement, which varies by market, and a maximum debt-to-income ratio (DTI) of 45% to be approved.

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ANNUAL AANHPI REAL ESTATE REPORT SHOWS DISPARITY IN HOMEOWNERSHIP NATIONWIDE

Realty Biz

The group defines “mortgage ready” as those 45-and-under without a current mortgage, with a credit score of 661-plus, a debt-to-income ratio not exceeding 25% and other factors). It is also encouraging the brokerage community to recruit AANHPI agents and provide them with the skills to reach their sphere of influence.