Remove Brokerage Remove Closing Remove Seller concession
article thumbnail

Can You Get Your Earnest Money Back at Closing?

Redfin

But what actually happens to that money once the deal closes? Or does the seller keep it? This Redfin article will break down exactly what happens to your earnest money at closing, and what to expect in different scenarios. What happens to earnest money at closing? It can cover part of your closing costs.

article thumbnail

Top Frequently Asked Questions From Home Sellers

Rochester Real Estate

The average days on market can indicate to a seller how quickly homes are selling when listed for sale. A top Realtor should be able to suggest a list price that ends up being very close to the final sale price. A well priced home will sell quickly and will sell for close to the listing price. What are seller concessions?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘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.

article thumbnail

No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. Most sellers see the value of making sure their deal closes and are open to discussions of some participation in the buyer’s agent fee.” It doesn’t matter,” O’Koniewski said. “If

article thumbnail

Game of chicken: Private MLSs stare down DOJ over settlement terms

Housing Wire

While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages. The DOJ isn’t the only remaining legal threat to the real estate industry.

MLS
article thumbnail

Opinion: Reframing the American Dream of homeownership

Housing Wire

The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical. The question is whether it is becoming less attainable or merely obscured by market noise and confusion. Change is constant, and as professionals, we must adapt.

article thumbnail

Buydowns become key for buyers to beat the market

Housing Wire

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. Her client closed on the house and will be saving $341 every month for the first year. in the second year.