Realty Biz

FEBRUARY 1, 2024

Understanding the role of a buyer's agent is essential in facilitating smooth and successful property transactions. Whether it's a first-time homebuyer or an experienced investor, a buyer's agent plays a crucial role in guiding clients through the complexities of the real estate market. Let's dig in!

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HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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HomeLight

JANUARY 17, 2024

A Top Agent Can Find the Right Deal For You HomeLight can connect you with a top-performing, trusted agent who has the experience to find you the right house at the right price. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

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HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. 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. What are closing costs ? 2% closing costs.

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HomeLight

JANUARY 12, 2022

How long does closing take from here? Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. Average time to close. However, a holdup could push out your projected closing date.

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HomeLight

OCTOBER 28, 2021

Many Florida home sellers have been caught off guard by the litany of costs they are responsible for at closing. Seasoned Florida Realtor® Zac Coletti said he has encountered many sellers who are blindsided when they find out what they have to pay at closing and often finds himself taking on the role of educator. “If Closing Cost .

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Toronto Realty Blog

AUGUST 2, 2023

TorontoRealtyBlog In my life, I have sold and closed on two properties that were a “primary residence,” and both times, I decided to welcome the new buyer with a kind gesture. On Monday, we talked about the nonsense that buyers often have to go through upon closing. That takes a special type of a **e to pull that off.

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Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process.

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HomeLight

DECEMBER 31, 2020

Not only will you need to be packing, cleaning, and getting the house ready for your buyer, there’s also a lot of waiting and hoping that all of the moving pieces fall into place and your home sale closes on time, if you make it to closing at all. The property appraisal. You’re locked into the contract once you sign.

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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. Sellers then pick a move date, and can often close in as little as two weeks. Selling through a real estate agent. Source: (Hillary Black / Unsplash).

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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. Never underestimate the importance of how your home stacks up to the competition.

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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.

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CT Homes

OCTOBER 28, 2021

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Especially for those looking to budget their real estate experience carefully, closing costs can be an important factor when determining if a home is the best investment for your needs. What are Closing Costs? Seller Closing Costs.

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Norada Real Estate

APRIL 15, 2023

The length of time a house can be under contract can vary, but understanding the contingencies and obligations during this period can help both parties prepare for a successful closing. Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing.

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HomeLight

NOVEMBER 1, 2021

This means understanding which fees you’ll be responsible for when the sale closes. To better understand which closing costs are applicable to home sellers in Kentucky, we talked to Maggie Terry, a real estate agent for Keller Williams Realty in Louisville East. What are closing costs? Closing cost. Average cost.

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Realty Biz

APRIL 8, 2024

Contact an experienced Buyer’s Agent when you first think of buying a house. What Are Closing Costs? Answer: Closing costs are fees for finalizing the mortgage, including appraisal fees, title insurance, and more. Should I Get a Home Inspection? A home inspection can reveal hidden problems with the house.

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RIS Media

APRIL 8, 2022

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Home inspection problems. The title search reveals issues. The title needs to be clean. Low appraisal.

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HomeLight

APRIL 29, 2021

You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. So, what are closing costs in Delaware? In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. You must pay off your mortgage before you can transfer the title to a new owner.

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RIS Media

SEPTEMBER 21, 2020

Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. Mortgage interest rate : The price of borrowing money.

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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. How Long Does It Take To Close on a House? According to this Rocket Mortgage article , it typically takes 30-45 days to close on a house. But most agents would probably agree that sounds about right.

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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. Keep in mind that this doesn’t include the funds you will need for closing costs. They provide assistance up to 5% towards the down payment and closing costs.

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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. It generally takes a couple of days to come to an agreement with a buyer and as few as 10 days to close. Just how fast can you sell your home?

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Redfin

MARCH 30, 2021

All you want to do is move in, but first, you have a lot to schedule and arrange, and you’re wondering just how long it will take to close on your new home. Closing on a home typically takes 30-60 days, with several steps that need to be taken in order for a swift and smooth closing process. Plan ahead for the big picture.

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McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Closing dates. Requests to sellers to pay closing costs. Timeliness and types of inspections. Other terms, such as closing dates and concessions, may play powerful roles in the strengths of competing offers.

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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. Another way of doing this is to specify who pays the various fees involved in the closing.

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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.

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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.

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Real Trends

JULY 11, 2022

This is the traditional strategy, but in some cases their dollars can go further if they look in different areas that are close to their desired location. 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. Terms of the offer.

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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. Working with a knowledgeable real estate agent is crucial in navigating the home showing and negotiation. Overcoming common challenges is also vital.

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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.

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Realty Biz

NOVEMBER 17, 2020

Zillow actually estimates that selling a home costs $20,851 , on average, while other experts estimate you’ll pay 10% of your home’s final sale price in closing costs. . 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.

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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. Choose a settlement agent. Get an inspection. Find your house.

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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. The Home Inspection. Getting the Right Help. Getting Pre-Approved.

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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. This helps an urgent buyer get to the closing table faster. You can’t inspect a new-construction home before you buy it.

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Real Trends

DECEMBER 27, 2022

Aspiring and veteran real estate agents should be well aware that the same applies to the home buying and selling process: uncertainty hangs over every deal. With a little bit of informed vigilance, you will be able to increase your rate of successful closes. At the time of closing, both parties agree to sign all necessary documents.

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HomeLight

NOVEMBER 10, 2021

We’re here to help you prioritize the big stuff with these recommendations for impactful pre-listing tasks that will resonate with buyers, plus a suggestion for materials and paperwork to gather now to help prevent closing delays. Make sure the windows open and close, and repair any that stick. Source: (Ricky Singh / Unsplash).

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