HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs

Housing Wire

APRIL 18, 2025

The cost of upgrades One of the biggest mistakes buyers make is underestimating the cost of upgrades. It may be tempting, but its more cost-effective to invest in structural improvements that cannot be easily changed later, such as framing modifications or window placements. Red flags Choosing a reputable builder is crucial.

Purchase and sale agreement

Housing Wire

DECEMBER 9, 2024

Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big.

Mortgages

Housing Wire

NOVEMBER 15, 2024

The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago. That’s right, there are Black Friday home sales!

Fixed-rate mortgage

Housing Wire

JANUARY 27, 2025

However, CHLA continues to call on federal policy makers to take action to address flaws in the refi process by reining in abusive trigger lead solicitations and by curbing exploding closing costs in non-competitive areas like FICO score fees.

Loans

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs

Housing Wire

OCTOBER 29, 2024

Bryan VantHof, a member of the RE/MAX Advantage Plus -brokered The Minnesota Real Estate Team , also believes the amount the seller nets is central to getting a deal closed. Many first-time homebuyers don’t have enough to pay the agent and all the closing costs,“ Nichols said.

Marketing

Housing Wire

MARCH 4, 2025

Every time a Texan buys a home, they will spend less on closing costs. A 10% reduction in title insurance premiums was recently ordered by the Texas Department of Insurance (TDI), with the regulator citing profit ratios that were deemed to be excessive. The mandate is set to go into effect July 1. between 2003 and 2022.

Title

Housing Wire

APRIL 22, 2025

Rates are still high and prices keep climbing, but were seeing expanded program offerings, new providers and greater flexibility in how funds are used not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs, said Rob Chrane , founder and CEO of DPR. The average benefit is $18,000.

Closing costs

Housing Wire

JULY 11, 2025

“It’s exciting to see a major player in the title insurance industry join Fannie Mae’s pilot program, which is saving homeowners money and making the closing process much more efficient,” Doma Technology Chief Operating Officer Wendy Zorick said. Westcor Land Title Insurance Co.

Title

Housing Wire

JUNE 25, 2025

Department of Housing and Urban Development (HUD) often provide access to detailed information about down payment assistance, closing cost programs, credit improvement strategies and budgeting tools. Friends and family, as well as internet search engines, were each cited as the top resource by 19% of respondents.

Closing costs

Housing Wire

MARCH 27, 2025

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. ” FinLocker indicated that future initiatives will target other high-cost areas like title expenses. ” .”

Mortgages

Housing Wire

OCTOBER 31, 2024

Wall Street expects new cost increases in 2025 and 2026. What will it cost? UBS analysts also said that pricing has been contributing to an important part of FICO’s growth, a trend that should “continue given its moated business model of low churn and scale coupled with its low percent of total mortgage cost.”

Industrial

Housing Wire

JUNE 10, 2025

It factors in lender fees and current pricing to deliver a dashboard that includes break-even calculations, closing cost estimates and borrower savings analyses across multiple scenarios. The tool is designed to ensure loan officers are ready when refinance volume picks up. The product comes as total lock volume declined 5.9%

Loan Officer

Housing Wire

DECEMBER 16, 2024

of the loan amount) at settlement to use toward their closing costs. So far it has generated over $1 million in savings for our consumers, and that is only on closed transactions since August. The biggest lesson this year was really just a reinforcement of something we kind of already knew.

Brokerage

Housing Wire

NOVEMBER 6, 2024

Wehmann added that, after the change, “FICO’s share will remain only approximately two-tenths of one percent” of the total average closing costs of $6,000. per score for mortgage originations. ” “At $4.95 “Importantly, after our upcoming royalty change, all amounts above $4.95 ” “At $4.95

Closing costs

Housing Wire

JULY 29, 2025

Many programs also cover closing costs, prepaid expenses, rate buydowns and mortgage insurance. It found that 45 new down payment assistance programs launched in the second quarter, bringing the total number of available programs in the U.S. to 2,554 and the number of program providers to 1,340. This is key as the U.S.

Loans

Housing Wire

MARCH 11, 2025

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

Closing

Housing Wire

JULY 11, 2025

If the buyer was a veteran with a VA loan, I could have the buyer ask the seller to pay all their closing costs and up to 4% towards the homebuyer’s debt. I think about homeowner affordability a lot. My job as a loan officer is to help people prep and plan to buy a house. As a lender, I review credit reports all day long.

Debt-to-income ratio

Housing Wire

APRIL 7, 2025

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Sworn in on March 26 during NAHREPs annual Homeownership and Housing Policy conference in Washington, D.C. Sworn in on March 26 during NAHREPs annual Homeownership and Housing Policy conference in Washington, D.C.

Commercial

Housing Wire

NOVEMBER 26, 2024

The best way to determine the psychological pricing strategy that works in your area is to look at both the offering and closing prices of homes that have sold recently. The best way to determine the psychological pricing strategy that works in your area is to look at both the offering and closing prices of homes that have sold recently.

Staging

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs

Keeping Current Matters

JUNE 19, 2025

With more sellers than buyers, sellers may be more willing to pay for repairs, cover some of your closing costs, or lower their asking price. Now, the market has shifted, and buyers are regaining their negotiating power as a result. The return of this kind of normal balance is a sign of a much healthier, more sustainable market.

Closing costs

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs

Housing Wire

FEBRUARY 6, 2025

Younger service members struggle during the homebuying process, particularly around paying closing costs. Some of these include lower mortgage rates , insurance costs, and down payment requirements. As such, my driving mission is helping fellow veterans achieve the American dream. In 1944, the U.S. He retired from the U.S.

Industrial

Keeping Current Matters

JUNE 26, 2025

Now, because they have more homes to choose from, buyers are able to ask for things like repairs, credits, and help with closing costs. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing. It’s what you should expect.

Marketing

Housing Wire

JUNE 24, 2025

Bridge loans are designed to help buyers cover down payments or closing costs on a new home before finalizing the sale of their existing one. In terms of pricing, the product is similar to a traditional closed-end second mortgage. Some buyers can’t compete without first selling, missing opportunities to purchase a home.

Loans

Redfin

JUNE 5, 2025

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. This is a vital safeguard for your investment.

Closing costs

Housing Wire

MAY 2, 2025

Per Crib Equity’s website , the company can contribute up to 50% of a borrower’s total down payment and approved closing costs, which typically covering up to 30% of the home’s total value.

Equity

HomeLight

MAY 14, 2025

Real estate attorneys are not considered essential for closing in the state of Vermont. Looking to sell a house as is” in Vermont? Whether youve got a fixer-upper or recently inherited a relatives home, sometimes the goal is to skip repairs, get a fair offer, and move on. Sometimes, its a home that does not need a lot of work.

As-is

HomeLight

MAY 15, 2025

Real estate attorneys are considered essential for closing in the state of Massachusetts. Looking to sell a house as is in Plymouth? Whether youve got a fixer-upper or recently inherited a relatives home, sometimes the goal is to skip repairs, get a fair offer, and move on. Older people want to get closer to their kids and grandkids.

As-is

Housing Wire

JULY 11, 2025

Build a professional referral network Partnering up with agents and brokerages is a no-brainer for mortgage professionals, as you both need to work in tandem to get a deal closed. Purchasing leads can cost anywhere from $20 to $150 per lead, depending on the lead generation company you choose. Check out LendingTree.

Mortgages

HomeLight

JULY 29, 2025

Real estate attorneys are not considered essential for closing in Minnesota Real estate transfer taxes? Looking into selling a house “as is” in Minneapolis? Whether you’re dealing with a fixer-upper or an inherited property, your priority might be to avoid repairs, secure a fair offer, and move forward quickly. “As-is

As-is

HomeLight

JULY 23, 2025

Real estate attorneys are considered essential for closing in the state of South Carolina. Looking to sell a house “as is” in South Carolina? Whether you’ve got a fixer-upper or recently inherited a loved one’s home, sometimes you’d prefer to skip repairs, get a fair offer, and move on without hassle. Yes Is a real estate attorney required?

As-is

Housing Wire

FEBRUARY 19, 2025

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. This is when your buyers need you the most. Have you spoken to a lender?

Closing

HomeLight

NOVEMBER 27, 2024

Buyers can haggle over everything from closing costs to roof repairs — and sometimes even the Harley in your garage. Given this trend, sellers should focus not only on setting an attractive asking price but also be prepared to negotiate on other factors, such as closing costs, contingencies , and possession dates.

Closing costs

HomeLight

APRIL 2, 2025

Real estate attorneys are not essential for closing. Still, they are often hired by escrow agents and title companies to prepare closing documents due to Hawaiis history of land division and recording procedures and its implications on modern real estate practices. Looking to sell a house as is in Hawaii? I don’t think so.

As-is