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Don’t Forget to Budget for Closing Costs

Keeping Current Matters

Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Take the time to walk them through what they can expect from showings to closing day.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

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ALTA: Protecting property rights with title insurance

Housing Wire

State regulators capture annual revenue and expense data from title insurance agents and underwriters for the purpose of measuring the profitability, competitiveness and reasonableness of title rates and charges. In fact, Iowa’s total closing costs were higher than 12 other states in 2021. Title insurance remains essential.

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The title insurance industry prepares for battle

Housing Wire

Many in the title insurance industry reported record years in 2021, but while experts were predicting things to slow down in 2022, the suddenness at which the market cooled was unexpected, or as Jodi Ketchersid, a Destin, Florida-based Corcoran Group agent said: “It was like, ‘Holy cow! What happened to the market?’”.

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Are There Closing Costs if You Pay Cash for a House? Yes: Here’s What to Expect

Redfin

Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. However, this is a common misconception.The truth is, even when you pay cash for a house, closing costs are a fundamental part of the transaction. How much are closing costs on a cash offer?

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Desperate for deals, mortgage pros get creative

Housing Wire

It’s a small amount but it’s nice to have products where you can get a real estate agent’s attention with a product that another lender doesn’t have. That’s why builders are utilizing closing cost incentives and temporary rate buydowns often funded by lenders. “If