HomeLight

JANUARY 3, 2022

Whether you should use an iBuyer (instant buyer) vs. real estate agent to sell your home is a hot debate in some real estate circles. iBuyer vs. real estate agent summary. The main trade-off is that the offer could be less than what you’d get listing the home with an agent, and you’ll pay a fee for the iBuyer’s services.

Agents 91

Agents Title Inspection Title search 91

Realty Biz

JANUARY 9, 2024

From experience, many potential sellers need the guidance of skilled agents. Working with an experienced real estate agent can significantly ease the selling process. The difference between having a good and lousy real estate agent is monumental. Selling your first home can be an exciting yet overwhelming experience. It matters.

Purchase and sale agreement 96

Purchase and sale agreement Earnest money deposit Title search Title 96

Realty Biz

JUNE 20, 2023

Researching Foreclosures Start your search by understanding the real estate market in your area. Real estate agents specializing in foreclosures can also provide you with listings and valuable insights. Auctions often offer the best discounts but also carry the highest risk, as you usually cannot inspect the property beforehand.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

Realty Biz

APRIL 8, 2024

Contact an experienced Buyer’s Agent when you first think of buying a house. Answer: Closing costs are fees for finalizing the mortgage, including appraisal fees, title insurance, and more. Buying your first home is a big deal. And starting off your journey right is critical to your home-buying success. What Can I Afford?

Pre-qualification 57

Pre-qualification Pre-approval Closing costs FHA loan 57

Realtor.com

NOVEMBER 15, 2022

Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. Sellers can also offer to pay for repairs should the home inspection reveal that they’re necessary.

Seller concession 121

Seller concession Purchase and sale agreement Closing costs Title search 121

RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.

Pre-approval 90

Pre-approval Pre-qualification Title search Inspection 90

HomeLight

APRIL 20, 2023

Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. Sellers typically pay: 5%-8% of the home’s price (including agent commissions that average 4%-6% in NJ.) Buyers typically pay: 2%-3% of the home’s price.

Closing costs 77

Closing costs Closing Title search Inspection 77

RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Common contingencies relate to a home inspection and financing, but there may be others. What Is a Pending Sale?

Debt-to-income ratio 98

Debt-to-income ratio Sales Title search Finance 98

Realty Biz

JANUARY 10, 2024

Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent. Asking an agent good interview questions can help immensely. Nobody wants that, but it's a reality.

Purchase and sale agreement 102

Purchase and sale agreement Seller disclosure Staging Title search 102

HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Buyer’s agent fee (~3%).

Closing costs 97

Closing costs Closing Title Title search 97

Point2Homes

NOVEMBER 16, 2022

To help the project run smoothly, you can hire a specialized real estate agent to help. They’ll have access to even more search tools and can guide you through the entire process. Have the Land Inspected. Like a home inspection , it’s essential to inspect the land before you sign on the dotted line.

Land 98

Land Title search Inspection Finance 98

McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Timeliness and types of inspections. Free Guide : Become a social media master with this free Social Media Toolkit for Real Estate Agents. Purchasing property, especially a home, can be a very emotional experience.

Purchase and sale agreement 81

Purchase and sale agreement Title search Inspection Construction 81

HomeLight

AUGUST 29, 2022

Another plus is that Texas doesn’t have state income tax, according to Rach Potter, who sells homes 44% quicker than the average agent in Dallas, Texas. Whether you grew up in Texas, are relocating for work, or always dreamed of living in this affable state, it’s a great place to buy a house. It’s all about the down payment.

Earnest money deposit 93

Earnest money deposit Title Inspection Title search 93

Point2Homes

DECEMBER 7, 2020

The real estate agent you choose to work with is even more important when buying a foreclosure. Specifically, a real estate agent who is experienced in helping buy foreclosures and who has a good knowledge of the local area will know when a home is a bargain. Image: Andy Dean Photography / Shutterstock.com. Getting the Right Help.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

HomeLight

MARCH 31, 2021

For a deep dive on Georgia closing costs, we partnered with top Brunswick listing agent Valerie Burnett , who sells 45% more homes than the average local agent. Commission: $20,300 for the listing agent and buyer’s agent’s commission. Title search fee. On average, title search fees run between $100 to $200.

Closing costs 94

Closing costs Closing Purchase and sale agreement Title search 94

Point2Homes

JUNE 4, 2021

In rare cases, you can request a home inspection ; however, these inspections have limitations. The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property.

Title search 96

Title search Title Inspection Short sale 96

HomeLight

JULY 31, 2020

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. It almost certainly will not move as quickly as anticipated. is not a simple or finite one.

Closing 109

Closing Purchase and sale agreement Title search Earnest money deposit 109

HomeLight

FEBRUARY 27, 2021

According to HomeLight’s transaction data analysis, the national average real estate agent commission rate is 5.8% So, who pays for real estate agent commission? In the National Association of Realtors’ (NAR) 2020 survey, 77% of sellers reported that they paid for the agents’ commission. of the final home sale price.

Agents 80

Agents Purchase and sale agreement Staging MLS 80

Realtor.com

JANUARY 2, 2023

Plus, title companies that work with builders tend to do “batch” title searches on the new parcels in a community all at once. Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. It will take too long.

New Construction 105

New Construction Construction Pre-approval Inspection 105

HomeLight

NOVEMBER 9, 2021

During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory.

Purchase and sale agreement 83

Purchase and sale agreement Home sale contingency Title search Inspection 83

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. So how can you avoid a delayed closing?

Closing 62

Closing Title search Purchase and sale agreement Title 62

Realty Biz

APRIL 20, 2022

Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. When you find a home you want to buy, your offer will contain many important terms and conditions.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

HomeLight

OCTOBER 28, 2021

For example, he says that although it’s customary for sellers to pay for title insurance in Florida, most sellers don’t realize it and become alarmed. “It These charges, also referred to as settlement fees, are due at the end of the transaction when the title of the property is transferred to the buyer. Agent Commission.

Closing 55

Closing Title search Closing costs Title 55

Lighter Side of Real Estate

JULY 26, 2023

By the time the real estate agent walks in to join you, you’ve come to a decision on which one to buy. But most agents would probably agree that sounds about right. A closing that takes 60 days wouldn’t even be that out of the ordinary for an agent to see. Home inspection issues.

Title 81

Title Closing Inspection Title search 81

Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy.

Purchase and sale agreement 92

Purchase and sale agreement Title Staging Inspection 92

Real Trends

JULY 11, 2022

Customers understand that the property address and a brief description are part of making an offer, but agents know there’s more to making an offer than that. Assisting a customer as they complete a home purchase is a big responsibility that requires both hard knowledge and soft skills. Comparable properties. Education here is key.

Seller concession 79

Seller concession Closing costs Inspection Title search 79

HomeLight

APRIL 14, 2023

Georgia is good about not having extra fees or high fees,” says Howard Jefferson , a top-performing Georgia real estate agent with 35 years of experience. A Top Georgia Agent Can Help Reduce Your Costs Partner with a top Georgia buyer’s agent who can help you navigate your homebuying journey and reduce the final amount you’ll pay at closing.

Closing costs 89

Closing costs Closing Title Loans 89

HomeLight

APRIL 20, 2023

Home inspections, earnest money, mover’s fees…the costs of buying a home in Pennsylvania can add up. Sellers typically pay: 6%-10% of the home’s price (made up mostly of agent commissions that average 5%-6% in Pennsylvania.) The example costs provided are based on median home prices and typical fees. What are closing costs?

Closing costs 77

Closing costs Closing Inspection Loans 77

HomeLight

NOVEMBER 10, 2021

Buyers are usually looking forward to a new lifestyle, not just new walls and doors,” says Kendall Rodesiler , top real estate agent in Toledo, Ohio. “So, Since no one has an unlimited supply of time or money, you need to know which projects are worth tackling and what to leave as is. Source: (Ricky Singh / Unsplash).

Inspection 116

Inspection Title Seller concession Agents 116

Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. The seller rejects your offer: If a seller rejects your offer, your agent may be able to relay information from the listing agent as to why it was insufficient.

Purchase and sale agreement 52

Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

DECEMBER 31, 2020

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. Things that could derail a sale during the sale pending period include: The home inspection. What does “sale pending” mean? The property appraisal.

Closing 105

Closing Backup offer Sales Inspection 105

Realty Biz

NOVEMBER 17, 2020

Real Estate Agent Commissions. Let’s start with the largest cost of selling your home — commissions paid to your real estate agent and the buyer’s agent. Generally, each party — buyer and seller — has their own agent to negotiate and advocate on their behalf. It can be a win-win for both you and your agent.

Title search 105

Title search Title Closing costs Staging 105

HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. To navigate the short sale process, you’ll need an experienced real estate agent and lots of patience. Finding an experienced agent. Source: (Freedomz / ShutterStock).

Short sale 104

Short sale Sales Purchase and sale agreement Banks 104

HomeLight

JUNE 18, 2021

Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. Can you still afford the home of your dreams when you account for closing costs? We’re going to find out. Source: (S O C I A L. C U T / Unsplash). What are closing costs ? Mortgage loan costs.

Closing costs 105

Closing costs Closing Mortgages Title 105

HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York. Complete home inspection: 5-15 days. So if you list your home on Jan. 1 and accept an offer on Jan.

Closing 111

Closing Purchase and sale agreement Pre-approval Inspection 111

HomeLight

SEPTEMBER 9, 2020

The share of all-cash home buyers has declined since 2014 because, “money is cheap right now with low interest rates, so some people who could buy in cash opt to buy with a mortgage,” says Sherry Ludecker , a top-rated real estate agent in Johnson City, Tennessee. Buying a house with cash: The process. Get the cash together. Find your house.

Inspection contingency 100

Inspection contingency Proof of funds Inspection Title 100

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending.

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110