Housing Wire

OCTOBER 27, 2023

Class action attorneys in this case want to take away that buyer representation or force buyers to have to pay for representation out-of-pocket on top of the cost of a down payment and closing costs. And who is hurt most by that proposition? The law, the facts and the economics will prove this as NAR makes its case in court.

MLS 475

MLS Brokerage Agents Closing costs 475

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. to purchase a home in.

Closing costs 105

Closing costs Closing Title Loans 105

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. He left in February.

Fixed-rate mortgage 451

Fixed-rate mortgage Loans Mortgages Loan Officer 451

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

Closing costs 104

Closing costs Closing Inspection Loans 104

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in New Jersey (NJ)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Title search Inspection 103

Housing Wire

SEPTEMBER 7, 2023

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages.

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Agents Loan Officer Lending Loans 403

HomeLight

APRIL 12, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Purchase and sale agreement Title search 104

Housing Wire

SEPTEMBER 6, 2024

Then, what about mortgage lenders and brokerages whose owners are agents and the others I just mentioned? DC has the highest housing closing costs in the country,” Schwalb wrote in a post in late August. “We attorney general’s action as a continuation of these obstacles.

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Title Industrial Agents Closing costs 441

Housing Wire

AUGUST 21, 2023

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 678 TriusLending 869% 2003 A mid-Atlantic real estate investment firm and financing lender focused on short-term private lending and long-term rental loans. Source: Inc.

Equity 370

Equity Technology Investor Residential 370

Housing Wire

AUGUST 23, 2024

They have the money for the down payment, but they don’t have a lot of extra money for extra closing costs, aka commission, right now. Let’s talk about the brokerage aspect. What brokerage wants that publicity? Kleimann: And it’s not just the agent who is affected, right?

FHA loan 414

FHA loan Agents Brokerage Staging 414

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. It may potentially harm buyers if they cannot afford representation for themselves after making deposits and closing costs.

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Purchase and sale agreement MLS Agents FHA loan 451

Redfin

JUNE 13, 2025

In this Redfin article, we’ll walk you through what’s different as a second-time homebuyer, how to prep your finances, and what strategies ease the transition—whether you’re upgrading in Flagstaff, AZ , downsizing, or just making a change in Fort Worth, TX. Example cost impact: At a 6.8% Step 2: Sell first or buy first?

Debt-to-income ratio 58

Debt-to-income ratio FHA loan Equity Loans 58

Redfin

MARCH 18, 2025

The earnest money is typically held in an escrow account – a neutral third party, such as a title company or real estate brokerage, holds onto the funds until the sale is finalized. It can cover part of your closing costs. So, can you get earnest money back at closing? You may receive a refund.

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Closing Purchase and sale agreement Earnest money deposit Seller concession 43

First Team Real Estate

DECEMBER 14, 2020

It’s easy to get excited looking at your Zestimate and seeing how much your home value has increased over the years, but it’s important to be prepared for the hidden, and sometimes overlooked, costs that these national listing portals and franchises sneak in. MORE than family-owned brokerages like ours! Their Strategy. Their Strategy.

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Brokerage Backup offer Staging MLS 105

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Financing issues.

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Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

MAY 3, 2023

“Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Subtotal (prep costs) $6,870 1.4%

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Seller concession Purchase and sale agreement Inspection Title 111

The Mortgage Report

JUNE 9, 2025

Based in Denver, he has over 25 years of experience in the real estate and finance industries. Tony and his team specialize in investment services, property management, institutional acquisitions, and buy/sell brokerage. But beyond finances, I think mindset matters. Answers have been edited for brevity and clarity.

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FHA 203k rehab loan FHA loan VA loan Pre-approval 62

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. We’ll share our strategies to improve your offer by reducing the negative aspects of financing while creatively solving some of the other concerns a seller may have.

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Rent back Closing costs Finance Agents 105

HomeLight

SEPTEMBER 20, 2022

People had done 100% financing on their homes,” says Jessica Wallace , a top-selling agent based in the Santa Cruz, California area, so they had zero equity when “the market dropped 10%.”. Real Estate Agent at Coldwell Banker Residential Brokerage. Currently accepting new clients. Years of Experience. Transactions. Average Price Point.

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Short sale Sales Pre-approval Banks 98

HomeLight

AUGUST 16, 2021

Sometimes you’ll even find grants to help you with closing costs and down payments. Our America’s Home Grant program offers credits for closing costs, and Our Down Payment Grant covers down payments. Sound great? Sure it does! But if you don’t know how to get one, then you might feel daunted — even discouraged.

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Loans VA loan FHA loan Purchase and sale agreement 105

HomeLight

APRIL 11, 2023

Best Cash Offer in Texas shares on its website that by using an in-house construction team, it is able to keep offers both fair and consistent throughout the transaction (some house-buying companies are known to drop the value of their offer last minute before closing). Individual investor fees may vary.

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Purchase and sale agreement Closing costs Closing Agents 102

HomeLight

APRIL 15, 2022

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. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

Title 109

Title House Flipping Title search Sales 109

HomeLight

MARCH 2, 2021

According to a survey of over 2,000 adults from real estate brokerage Coldwell Banker, 80% of Americans say they would prefer to buy a turnkey home over one that requires renovations. Depending on your line of work, you could qualify for a special type of loan, price discount, or closing cost assistance. Buy less house.

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Inspection Loans Closing costs Renovation 111

HomeLight

NOVEMBER 29, 2022

Locations: Dallas, with brokerages in the Houston, Tampa, and Jacksonville markets. Closing costs: Sellers pay no closing costs; Myers Home Buyers covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Phone number: (866) 771-2250. stars out of 5.

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Purchase and sale agreement Closing costs Closing Agents 98

Realty Biz

MAY 24, 2021

Either way, you get to use owner-occupied financing, which means a down payment as low as 3%. To cover closing costs, negotiate a seller concession. Anyone can buy shares directly through their brokerage account, which makes REITs a simple investment for beginners. Her latest tactic: hosting a foreign exchange student.

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Earnest money deposit Hard money loan Seller concession Investor 124

HomeLight

APRIL 29, 2022

These companies can help sellers cash out quickly and many will cover a seller’s closing costs in full. Graham will look for items that a seller could do easily to make the property financeable, making it more attractive to investors. “A If we can make it financeable for them, then that gives them more options.”.

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. (One Work on your finances.

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Purchase and sale agreement Loans Inspection Closing costs 116

HomeLight

AUGUST 30, 2021

You also might consider going with an agent or brokerage with a dedicated rent-to-own program. Step 9: Save for closing costs. Don’t forget about saving for your closing costs. You’ll have to pay them at the time of closing, and they can surprise you if you’re not prepared.

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Purchase and sale agreement Inspection Inspection contingency Closing costs 115

The Close

JULY 8, 2023

Obtain Errors & Omissions Insurance Cost: $13-$155 Time commitment: 1 day All active licensees in Idaho are mandated to carry errors and omissions insurance. This insurance typically protects brokerages and individual agents from getting sued by a client if they make a mistake related to a real estate transaction.

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Agents Purchase and sale agreement Brokerage Closing 105

Marco Santarelli

MAY 27, 2024

USDA loans are designed to help finance homes in rural areas. Finally, the lender will want to see that you have enough savings for a down payment (the amount can vary depending on the loan type) and closing costs. VA loans are also assumable, with similar requirements to FHA loans. Search Platforms: Websites like assumable.io

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Debt-to-income ratio Mortgages FHA loan VA loan 96

HomeLight

MARCH 30, 2021

Many brokerages provide lists of short sales for interested buyers, so ask your agent to provide it. Be ready to pay more in closing costs. You might be asked to bring more to the table as the buyer in closing costs than you would ordinarily, and that’s a detail you should factor into your budget.

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Short sale Sales Pre-approval Closing costs 80

HomeLight

MARCH 21, 2022

These companies can also provide a quick and flexible closing, reduce or eliminate the need for repairs, and in many cases will cover all of a seller’s closing costs. Fees: Sellers pay no closing costs ; We Buy Ugly Houses covers them. Fees: Sellers pay no closing costs ; We Buy Houses covers them.

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Home sale contingency Closing costs Investor Sales 105

Realty Biz

DECEMBER 13, 2022

Flyhomes is a technology company focusing on real estate brokerage that helps home buyers, sellers, and agents work together to get the job done. With a Flyhomes Cash Offer, Flyhomes will make a cash offer on your behalf—you'll no longer have to compete with other buyers who might need financing. What is the cost of using Flyhomes?

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Pre-approval Closing costs Loans Technology 67

Redfin

AUGUST 21, 2020

During your search, you may also find houses for sale by the owner (FSBO) or many more listed with a real estate brokerage. An offer letter should include a few specific items regarding how you’re financing the home and the expected timeframe in which you hope to close. Your offer letter should include: your down payment amount.

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Pre-approval Purchase and sale agreement Inspection Title 78

HomeLight

AUGUST 16, 2021

Brokerage account statements. Lenders will often want to see the past two months of statements from any brokerage accounts you have that are being used to support your asset requirements as part of your mortgage loan. Closing costs. Closing Disclosure. The Closing Disclosure outlines the details of your loan.

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Loans Mortgages Bankruptcy Purchase and sale agreement 105

Redfin

JULY 26, 2021

Real estate photography usually costs between $100-$300 per shoot , however, if you’re working with an agent, their brokerage will likely cover this cost for you. When choosing a real estate agent with a proven track record, the time it takes you is another “cost” you will incur when preparing to sell your home.

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Seller concession Inspection Closing costs Staging 71

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Beyond standard MLS listings, home search apps can offer a deep dive into data to help you research, bid, buy, finance, insure, and even renovate your new home. what’s considered “overpaying” on a house?)

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Closing MLS Pre-qualification Technology 105