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Qualia brings connectivity to the historically siloed settlement ecosystem

Housing Wire

Once title & escrow operations get powered by a modern technology infrastructure, all other parties in the real estate ecosystem such as mortgage lenders and real estate brokerages could connect to accelerate their own innovation as well. “We No one had tried to truly fix that from the center.

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The appraisal gap is complicating deals across the country

Housing Wire

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.

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Heads Up Seller: You’re on the Hook for Paying Both Real Estate Agents’ Commission

HomeLight

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.

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How Much Are Closing Costs in New Jersey?

HomeLight

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.

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How Much Are Closing Costs in Georgia?

HomeLight

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.

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How Much Are Closing Costs in Pennsylvania?

HomeLight

Matt Durbin , a top agent in Western Pennsylvania with 14 years of experience helping homebuyers, says that “a lot of times people miscalculate what they’re going to need in total cash at closing to get a purchase done in our area, especially if they’re moving from another state.” For example, a discount brokerage may save the seller 0.5%-1%

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . 2022 report from real estate brokerage platform zavvie found that iBuyer offers peaked in Q2 2021 at 104.1%

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