Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 421

Sales New Construction Construction Closing costs 421

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? We’re seeing more rate buydowns from sellers. The rate could go from 7% to 6.5%

Closing costs 89

Closing costs Closing Purchase and sale agreement Title 89

Real Trends

OCTOBER 5, 2022

Why would a buyer choose your listing versus the one that’s for sale down the street? Why buy your listing when there’s new construction with builder incentives? Have your seller contribute $10,000 toward the buyer’s closing costs. Find out if your seller has an assumable mortgage.

MLS 99

MLS New Construction Closing Closing costs 99

HomeLight

APRIL 13, 2023

However, there’s another set of fees and charges you must be prepared for, and those are closing costs. According to ClosingCorp, which provides real estate closing cost data for the mortgage industry, closing costs in Florida, including transfer taxes, average 2.3% of the sales price.

Closing costs 76

Closing costs Closing Title Inspection 76

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase.

Closing costs 75

Closing costs Closing FHA loan Inspection 75

Redfin

JULY 27, 2023

If you’re considering buying a home in Windsor, you’ll see the median sale price for a home is $582,000 as of July. Do you want a new construction home or an older property with character? No maintenance costs Another perk to renting is that you’ll incur little to no costs to keep up the property.

New Construction 56

New Construction Closing costs Construction Days on market 56

Broke Agent Media

MAY 16, 2023

Given 72% of sellers are also buyers, it’s not earth-shattering news that both sides are often willing to see things from the other side’s perspective—and make concessions to speed things along. After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale.

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

HomeLight

DECEMBER 30, 2021

When the terms have been finalized, accepted, and signed off on by both sides, your purchase agreement is now officially a sales contract to which you and the seller are both held liable. A Loan Estimate is a document provided by your lender that includes the terms of your mortgage loan and an estimate of your closing costs.

Purchase and sale agreement 84

Purchase and sale agreement Title Closing costs Seller disclosure 84

Realtor.com

DECEMBER 8, 2020

With a record-low selection of properties for sale, high buyer demand keeps on pushing home prices ever skyward. Buying a first home has become more difficult this year, despite all-time low mortgage rates, because of those double-digit price increases and the dearth of residences for sale. But help may be on the way. .

Loans 122

Loans Construction Mortgages Sales 122

Redfin

JULY 14, 2023

If you’re considering buying a home in Birmingham, it’s important to know the median sale price for a home is $255,000. For many residents of Birmingham, this means it may cost less to rent a home than buy a home in today’s market. In 2022, the average home price was around $300,000 and today the median sale price is around $255,000.

Equity 50

Equity Fixed-rate mortgage Closing costs Inspection 50

HomeLight

AUGUST 26, 2020

The national cost of building an “average” home in 2020 is $248,000 (for comparison, the average cost to build a low-end home is $178,000 while the average cost to build a high-end home is $416,000.). The cost of the home will also vary depending on whether it is a custom or production home. Negotiate financing.

New Construction 98

New Construction Construction Closing costs Finance 98

Realty Biz

APRIL 29, 2022

The most significant factor would be the decline in house sales year-to-year, and 2022 is no different. While a trend of low-interest rates has been a lifesaver for the market, the Niagara region favors sellers instead of buyers, with an over 15% decline in total house sales across the entire Niagara region. Advice For Sellers.

Marketing 79

Marketing Banks Sales Mortgages 79

Redfin

JULY 27, 2023

If you’re looking at Raleigh’s housing market you’ll find the median sale price for a home is $425,000 while the average rent price in Raleigh is $1,100 for a 1 bedroom apartment and $1,327 for a 2-bedroom. For many living in Raleigh, this means it costs less to rent a home than buy a home in today’s market.

Equity 52

Equity Due diligence New Construction Closing costs 52

HomeLight

NOVEMBER 10, 2021

Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. Consider a pre-sale inspection. Most buyers have just done all of this work to get their home ready for sale. Source: (Steve Johnson / Unsplash).

Inspection 116

Inspection Title Seller concession Agents 116

Redfin

MARCH 30, 2021

This way you’ll be able to move onto the next step quickly or check off that requirement and be that much closer to closing on your new home. As soon as the seller accepts your offer, ask the lender for a list of everything they’ll want from you before closing. When you get your estimate, review it closely.

Closing 73

Closing Purchase and sale agreement Title Inspection 73

HomeLight

MARCH 31, 2023

In this guide, we’ll review each option to help you decide which makes the most sense for your home sale. Get a cash offer with HomeLight’s Simple Sale platform for a fast sale HomeLight’s Simple Sale platform connects you to the largest network of real estate investors in the U.S. Who else makes cash offers in Houston?

Sales 63

Sales Closing costs Closing Title 63

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. New York, NY $684,500 +0.4%

Marketing 63

Marketing Mortgages Investor New Construction 63

HomeLight

MARCH 13, 2023

Do you need to connect with cash home buyers in Austin for a fast sale? With so many people relocating to the Texas state capitol, there’s a need for housing – and there are plenty of cash home buyers in Austin to help sellers who need a quick sale. New construction surge contributing to competition for buyers.

Sales 69

Sales Investor House Flipping Pre-approval 69

Realtor.com

NOVEMBER 28, 2022

Getty Images With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. Homes for sale listed on Realtor.com will typically indicate if they’re eligible for USDA loans.).

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

SEPTEMBER 25, 2023

You can then make a strong offer on your next home with no home sale contingency. A bridge loan for a real estate transaction is a short-term loan that enables homeowners to purchase a new home before their current home sells. Higher interest rates have made sales volume go down, but prices have gone up over the last year.

Equity 84

Equity Loans Debt-to-income ratio Home sale contingency 84

HomeLight

AUGUST 9, 2022

The down payment on a home gets your foot in the door, and the mortgage lets you move in. It’s the first financial move you’ll make in securing your new home purchase. The size of your down payment can depend on a variety of factors, like where you’re buying, how much you have saved, and what kind of mortgage you’ll get.

Earnest money deposit 94

Earnest money deposit VA loan Purchase and sale agreement FHA loan 94

HomeLight

JULY 12, 2022

First-time buyers were responsible for 27% of those sales, down from 31% in May 2021. All-cash sales accounted for 25% of May transactions, up from the 23% recorded a year ago. Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% your costs might run around $40,760.

Seller concession 95

Seller concession Closing costs Renovation Title search 95

HomeLight

MARCH 21, 2023

It’s said that everything’s bigger in Texas, but if you don’t want that to include the purchase price of your new house, you may ask, “What’s the best time to buy a house in Texas?” Are you looking for a quick sale, extended inventory, or a low price? Overall, home sales in Texas set a record in 2021, topping 417,000.

Agents 88

Agents Pre-approval Closing costs Sales 88

HomeLight

SEPTEMBER 30, 2022

A new construction home — yours from the ground up, with no prior owners — sparkles with possibility. Here, we’ve enlisted the expert advice of top agents, industry insiders, and recent homebuyers to address key questions to ask when buying a new construction home. Should I hire an agent for new construction?

Construction 106

Construction Purchase and sale agreement New Construction Inspection 106

HomeLight

OCTOBER 13, 2021

This piece of paper shows that you have the funds to cover the down payment, closing costs, prepaid interest, taxes, and insurance. Closing Disclosure. The Closing Disclosure is a document from your lender that breaks down the terms of the loan and your closing costs. The mortgage or deed of trust.

Closing 86

Closing Purchase and sale agreement Title Inspection contingency 86

Redfin

JULY 10, 2023

If you’re looking to buy a home in Austin , the current median sale price for a home is $468,000 as of July. According to a new Redfin study, the average rent price in Austin is $2,951, while the estimated median monthly mortgage cost is $3,801. You may also be eligible for exclusions as a homeowner.

New Construction 54

New Construction Equity Closing costs Purchase and sale agreement 54

Realtor.com

MARCH 22, 2021

Getty Images As home buyers already know full well, the residential real estate market has been on a wild tear for the past few years—and the pandemic has pushed things to new, uncharted extremes. They were spurred on by record-low mortgage interest rates. This could all lead to an increase in home sales.

Marketing 145

Marketing Fixed-rate mortgage Construction Mortgages 145

HomeLight

SEPTEMBER 9, 2021

A struggling economy sent mortgage rates to low levels while many Americans sought out bigger, better homes to spend their days working from home and ride out the health crisis. Early in the summer, it looked like mortgage rates were going to climb , but then they dropped again amid Delta variant fears.

Equity 135

Equity Mortgages Agents Sales 135

Redfin

APRIL 21, 2023

The state has seen a significant increase in new construction, with builders developing homes in both urban and suburban areas to meet the demand for housing. Florida’s median sale price has been steadily rising in the last decade, with a significant spike in 2020-2021.

Pre-approval 61

Pre-approval Closing costs Title Loans 61

Realtor.com

JANUARY 18, 2023

And now, just as prices are finally beginning to slacken and the bidding wars are dying down, higher mortgage interest rates have turned the prospect of homeownership into a financial impossibility for many. Their biggest draw is that all of these places offer more affordable homes for sale, compared with their regions of the country.

Marketing 116

Marketing New Construction Construction Sales 116

HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. The second mortgage is forgiven at 20% per year, over a 5-year term. Get preapproved for a mortgage.

Earnest money deposit 76

Earnest money deposit FHA loan Purchase and sale agreement Title 76

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation. How much equity do I have in my home? .

Equity 108

Equity Principal Loans Renovation 108

HomeLight

APRIL 5, 2023

Summer (best selection) Summer provides California home shoppers with the highest selection of properties for sale. Specifically, the end of May and June typically see the most home sales. This is partly because many families want to purchase a house before their children start a new school year.

Agents 88

Agents Closing As-is Sales 88

The Close

AUGUST 25, 2022

The Secret Your Mortgage Company Doesn’t Want You to Know (Video). Closing Costs Q&A (Video). Closing Costs Deep Dive Explainer (Video). Mortgage Myths Debunked. Home Mortgage Rates by Decade (Infographic). Mistakes to Avoid: Buying New Construction. Multiple Offers: Pending.

Staging 89

Staging Closing costs Agents Design 89

HomeLight

APRIL 21, 2023

In this guide, we will review the pros and cons of each approach to help you decide which makes the most sense for your home sale. Option 1: Sell your San Diego house fast for cash HomeLight’s Simple Sale platform can give you immediate access to the largest network of cash buyers in the U.S. The company has 4.6

Investor 71

Investor Renovation Closing Sales 71

Marco Santarelli

NOVEMBER 10, 2020

The Boise housing market is a scorcher and is being fueled by low mortgage rates and limited supply compared to demand. The overall median sales price, including existing and new home sales, reached $409,945 last month, an increase of 17.2% Despite such a tight supply of houses, the sales are booming. to $394,890.

Marketing 138

Marketing Sales Construction Investor 138

HomeLight

APRIL 26, 2023

When the time comes to move, some tenacious homeowners are eager to take over the reins of their home sale and figure out how to sell a house by owner in Alabama. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

MLS 68

MLS Agents Sales Proof of funds 68