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

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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How Much Does It Cost to Sell a House?

Redfin

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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Fees and Costs Associated With Selling a House in 2023

HomeLight

“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. That puts your commission at 18,000.

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What Is the Average Cost to Sell a House in California?

HomeLight

The total cost to sell a house in California depends on your specific situation. You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Closing costs. Many factors influence the cost of prepping your home for sale.

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What Is the Cost to Sell a House in Massachusetts?

HomeLight

We put a plan together for the seller. The total cost to sell a house in Massachusetts depends on your specific situation. You can probably expect to run into these typical expenses for home sellers in Massachusetts: Prepping your house for sale. Seller concessions. Closing costs. Seller concessions.

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What Is the Cost to Sell a House in Seattle?

HomeLight

Seller concessions. Seller concessions can contribute to the overall cost to sell a house in Seattle. In addition to the direct costs of preparing your home to sell and agent fees, there may be indirect costs that occur during the course of the transaction. Closing costs and additional fees.

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What Is the Cost to Sell a House in Texas?

HomeLight

Seller concessions. Negotiations with a buyer can result in additional indirect costs related to seller concessions or buyer incentives, although Candelaria believes that “a lower price is better than a concession.”. The amount of these costs will depend on your market and selling situation.