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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

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Selling a House ‘As Is’ in Michigan

HomeLight

Most of the time, if the house needs any repairs, most realtors expect the homeowner to make the necessary repairs before they lift the house on the market.” Looking into selling a house “as is” in Michigan? They don’t want to make the repairs themselves to lift the house for sale with a realtor. They don’t have the time.

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. Staging Costs. Real Estate Commission.

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Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Connecticut sellers can count on these costs. Source: (Roger Starnes Sr / Unsplash).

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Who Pays Closing Costs When Selling a House By Owner?

HomeLight

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. Source: (Shot by Cerqueira / Unsplash).

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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs.