article thumbnail

How Much Are Closing Costs in New Jersey?

HomeLight

Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. For example, a motivated seller might consider covering part or all of the inspection and appraisal fees for a buyer in order to help close the deal. 1% of the listing commission.

article thumbnail

How Much Are Closing Costs in Pennsylvania?

HomeLight

Home inspections, earnest money, mover’s fees…the costs of buying a home in Pennsylvania can add up. For example, a discount brokerage may save the seller 0.5%-1% However, some (such as inspection fees or application fees) con sometimes be paid upfront, depending upon the scenario. 1% of the listing commission.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Much Are Closing Costs in Georgia?

HomeLight

Title search fee $100 – $200 0.05% Property taxes (May need to pay back buyer) $2679 0.81% Wire transfer fees $0 – $50 0.01% Concessions Varies Outstanding amounts (utility bills, HOA fees) Varies – How can I estimate my closing costs in Georgia? For example, a discount brokerage may save the seller 0.5%-1%

article thumbnail

iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. 2022 report from real estate brokerage platform zavvie found that iBuyer offers peaked in Q2 2021 at 104.1% Inspections / repairs. Title search. Do iBuyers make good offers? Offer price.

Title 81
article thumbnail

Heads Up Seller: You’re on the Hook for Paying Both Real Estate Agents’ Commission

HomeLight

The seller enlists a flat-fee listing agent or discount brokerage. Offering repair advice: After the home inspection , your agent helps you understand what repairs your buyer’s lender requires, which structural and safety issues need to be taken care of, and which repairs might not be necessary to complete the sale. Buyer’s agents.

Agents 82
article thumbnail

How Long Does It Take to Get Preapproved for a Mortgage? Here’s Your Ballpark Guide!

HomeLight

Retirement or brokerage account statements. Closing conditions (inspections, appraisal, title search, etc.) Two months of bank statements as proof of funds to show you have the down payment that you say you do. Two recent pay stubs. Self-employed borrowers. Should I check my credit report before applying for preapproval?

article thumbnail

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

Or, even from a brokerage trading house, that it takes 10 or 14 days once the wire’s initiated for the money to get to the escrow company.” Problems come up during inspection. However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. The title isn’t clear.

Closing 108