Redfin

JUNE 9, 2025

Homes close to highly rated schools, parks, grocery stores, and walkable streets tend to appraise higher. In contrast, properties near busy roads, industrial areas, or those with limited access to local conveniences may appraise for less. >>Read: Just keep in mind: negotiating in a seller’s market can be risky.

Purchase and sale agreement

AAOA

MARCH 24, 2025

After finding the right property, conduct a thorough inspection and review its financials to ensure it meets your criteria. Consider partnering with a local real estate agent who knows your desired areas housing market, industry trends, and rental dynamics. After your offer is accepted, youll begin the closing process.

Property Management

Marco Santarelli

JUNE 15, 2025

This diversified base makes the economy more resilient to downturns in any single industry. People are being drawn by jobs and the lower cost of living, particularly millennials and Gen Z who are finding coastal cities out of reach, and even those in later life phases looking for more value. Understand your financing options and costs.

Investor

HomeLight

JULY 29, 2025

While the offer may be lower, these companies often close quickly and may even cover your closing costs. Consider a pre-listing inspection While it might seem unnecessary for an as-is sale, a pre-listing inspection can help identify issues early and support an accurate price. I prefer to get ahead of things.

As-is

BAM Media

JULY 8, 2025

50% are considering financial incentives like closing costs, vs. 27% of past sellers who offered them. A quarter or more of future sellers say they’re willing to cover inspection fees, extend the closing date, or offer repair credits. 76% expect to make major repairs or renovations. Only 30% of past sellers did.

Inspection

HomeLight

APRIL 11, 2025

Because cash buyers already have the funds available, theres no need to wait on mortgage approvals or inspections. If you accept, the closing can happen fast, letting you move forward without delays. Lower closing costs: Some Silver Spring companies may take care of closing costs , helping you save money.

Inspection

Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

Closing costs

Housing Wire

SEPTEMBER 19, 2024

While the report is another disappointing one for the real estate industry, there’s good news. Higher inventory levels and lower mortgage rates should provide better conditions for the market in the fall, helping both buyers and sellers who’ve been waiting on lower borrowing costs and the end of the election cycle.

Sales

Housing Wire

JULY 22, 2024

Quality control reviews include analysis and identification of any property issues and items of safety, soundness, or structural integrity to determine whether the lender appropriately required inspections or repairs prior to the purchase of the home by the borrower.

Lending

HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. But what are closing costs? Understanding these costs upfront can help you budget properly and avoid surprises. Get Started What are closing costs?

Closing costs

RIS Media

MAY 19, 2021

Non-Recurring Costs Associated With the Lender. Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan. Lender Fee.

Closing costs

HomeLight

APRIL 13, 2023

Once you’ve found your dream house in Florida and settled on the purchase price, you might think you know the final cost you’re responsible for. However, there’s another set of fees and charges you must be prepared for, and those are closing costs. Find a Buyer's Agent What are closing costs? of the sales price.

Closing costs

HomeLight

JULY 5, 2023

It’s no secret that the mortgage industry isn’t super transparent about closing costs. According to a February 2017 report from ClosingCorp, more than half of homebuyers surveyed were surprised by their closing costs. Third-party fees: The second group of closing costs is third-party fees.

Closing costs

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity

HomeLight

MARCH 2, 2022

Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought.

Inspection

RIS Media

MAY 9, 2022

The national average closing costs for a single-family property refinance in 2021, excluding any type of recordation or other specialty tax, was $2,375, according to CoreLogic’s ClosingCorp second annual Refinance Closing Cost report for 2021 released last week. The takeaway: . “In

Closing costs

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections.

Closing costs

HomeLight

OCTOBER 30, 2020

Problems come up during inspection. Contingencies are clauses in real estate contracts stipulating that certain conditions must be met before the deal can close. However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. But understand that inspections can delay the deal.

Closing

Realty Biz

JUNE 7, 2021

I’m a nurse and I understand how easy it is for people familiar with an industry to fall into the habit of using jargon and acronyms without even realizing it. Someone should probably write a translation dictionary for the real estate industry. A home inspection contingency means that no unknown major problems are found with the house.

Inspection

The Close

JUNE 15, 2022

Closing costs 42. Who pays closing costs? Closing costs for seller 44. Home inspection checklist 52. Home inspection checklist for sellers 53. Home inspection checklist 73. Home inspection checklist for buyers 54. What is the best way to prepare for an inspection?

Closing costs

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction.

Pre-approval

RIS Media

FEBRUARY 29, 2024

Negotiations can include the purchase price, closing costs and contingencies. In real estate transactions, buyers and sellers often negotiate various aspects of the deal. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits.

Seller concession

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Don’t forget to budget for closing costs. Closing costs are one-time costs that go along with your home purchase, and you pay them on — you guessed it — closing day. Speaking of closing costs, you can ask the seller to pay them.

Closing costs

RIS Media

FEBRUARY 18, 2021

They’ve probably considered a down payment, mortgage payments, closing costs, taxes and insurance. Lawn sprinkler systems can be convenient but will require expenses for system inspections, winterization, replacement of sprinkler heads and lines as needed, plus water utility costs. Repair or Replacement Costs.

Pre-approval

Real Trends

APRIL 11, 2023

Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. Home repairs One way of receiving seller concessions is when the seller agrees to pay for the buyer’s repair costs.

Seller concession

HomeLight

DECEMBER 10, 2021

To find out what affects offer prices when selling a house as is, we rounded up this select group of industry pros for insider answers: Wisconsin-based real estate agent Kim Batterman , who has more than 15 years of industry experience. Also, an as-is sale doesn’t preclude the buyer from inspecting the property. Jones nets 8.5%

As-is

HomeLight

JULY 30, 2021

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment.

Purchase and sale agreement

The Close

SEPTEMBER 19, 2024

The buyer also specifies any conditions that the buyer would like met before the sale closes. These conditions may include a home inspection, securing financing, or including certain appliances or fixtures in the sale. This can mean speeding up or delaying the closing date compared with what was originally proposed.

Purchase and sale agreement

HomeLight

NOVEMBER 21, 2024

When you refinance, you take out a new loan, which usually involves significant closing costs. Selling the house shortly afterward might mean you’ll lose money if you haven’t stayed in the home long enough to offset those costs. This means that if you refinance a $300,000 loan, you might spend $9,000–$18,000 in closing costs.

Closing costs

Real Trends

JULY 11, 2022

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Estimated closing costs. Contingencies.

Seller concession

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Closing costs. Harvell says it’s important to make sure that none of the normal closing costs are included in the sales price.

Earnest money deposit

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Estimated closing costs. Estimated cash needed to close. Purchase agreement. Source: (Surface / Unsplash).

Purchase and sale agreement

HomeLight

MARCH 31, 2022

FSBO sellers in Florida may want to consider getting a home inspection prior to listing their home for sale. Addressing any issues upfront helps buyers have peace of mind when making an offer and helps to prevent inspection-related closing delays. Closing costs. Get Estimate.

Purchase and sale agreement

Real Trends

JANUARY 4, 2023

The pandemic brought a wave of new real estate agents to the industry. The buyers can always consider including contingencies in their offer that protect them, e.g. inspection period, appraisal contingencies, etc. 2) A top surprise of first-time buyers was the cost. 2) A top surprise of first-time buyers was the cost.

Closing costs

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Closing costs. Closing date. Earnest money.

Purchase and sale agreement

HomeLight

DECEMBER 2, 2021

We detail what costs you’re likely to incur and what sellers pay on average. Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Home pre-inspection.

Seller concession

HomeLight

MARCH 31, 2022

FSBO sellers in Arizona may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Closing costs. Closing date. Earnest money.

Purchase and sale agreement