Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 414

Industrial MLS FHA loan Agents 414

HomeLight

NOVEMBER 1, 2021

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs.

Closing costs 69

Closing costs Closing Purchase and sale agreement VA loan 69

Housing Wire

SEPTEMBER 7, 2023

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

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Agents Loan Officer Lending MLS 389

Housing Wire

JULY 19, 2021

Using Xome’s Xpert Seller Program, servicers can help borrowers determine the best marketing strategy list and sell their homes. This new program is designed to connect borrowers with local real estate professionals and guide them through the process of marketing and selling their home. Additionally, Xome.com drives over 1.6

MLS 399

MLS Equity Closing costs Sales 399

Housing Wire

SEPTEMBER 15, 2023

Stop relying so heavily just on your MLS! Other great things about VA loans: No Prepayment penalties, sellers can contribute to closing costs, refinancing can happen up to 100% of the home’s value and repayment workouts if the veteran has payment issues. Tim and Julie Harris host a podcast for real estate professionals.

VA loan 407

VA loan Loans Mortgages Closing costs 407

Housing Wire

JUNE 13, 2022

Buying a home is stressful in any market. From Multiple Listing Services (MLS) to consumer-facing giants like Zillow , Realtor.com and Redfin , the real estate industry is raising awareness about homebuyer assistance programs through agent education and self-service tools that help consumers find programs they qualify for.

Finance 363

Finance Loans Closing Closing costs 363

RIS Media

JULY 19, 2021

Like most transactions in the American economy, market forces set individual commission rates to provide for competition among brokers, increase efficiency for consumers and ensure we are providing the most market-driven and best possible service to our clients. Let’s put that on the table right now. In fact, most of NAR’s 1.4

Marketing 98

Marketing MLS Agents Closing costs 98

RIS Media

AUGUST 17, 2021

This home warranty partnership instills added comfort in the buying and selling process, particularly in a market with rising prices and multiple bids. . “Buyers are paying the seller’s closing costs, real estate fees and anything else they can to get a leg up over other prospective buyers,” she adds.

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Marketing Option period Closing costs MLS 98

The Close

JUNE 7, 2022

Oh, please…you obviously don’t understand how the market works! Yes, today’s market is challenging. While we love providing you with some levity about today’s real estate market, we also want to offer some actionable tips that can help you succeed. 5 Tips to Navigate Today’s Market. Know your market inside and out.

Marketing 93

Marketing Agents Closing costs MLS 93

RIS Media

FEBRUARY 11, 2021

A conversation With Product Expert Nikki Morgan of CRS Data’s MLS Tax Suite. When it comes to property data, most real estate agents are able to access a wide variety of tools and rich map features through their MLS, which partners with a property tax data vendor. You can leverage these estimates when reviewing closing costs.

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MLS Closing costs Technology Agents 105

Real Trends

MAY 9, 2023

And yet, in today’s world of technology, instant gratification and misinformation, local MLS broker marketplaces and real estate professionals can be taken for granted. You understand and provide guidance on the financial aspects of the transaction, like mortgage rates, closing costs and appraisals.

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MLS VA loan Equity Agents 94

Real Trends

OCTOBER 5, 2022

But, the market has changed and buyer concessions are becoming a thing. Have your seller contribute $10,000 toward the buyer’s closing costs. If the monthly HOA is $300, then maybe a $3,600 HOA credit from the seller would be better than a $5,000 price reduction; it would at least make your listing stand out in the MLS.

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MLS New Construction Closing Closing costs 99

HomeLight

JANUARY 22, 2024

Most of the time, if the house needs any repairs, most realtors expect the homeowner to make the necessary repairs before they lift the house on the market.” MLS has a field to mark a listing “as is”? These companies can help sellers cash out quickly, and many will cover a seller’s closing costs. he adds.

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As-is Seller disclosure Closing costs Investor 85

Realtor.com

NOVEMBER 14, 2022

As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates. Home prices are beginning to fall from their peaks in some of the nation’s hottest markets—but not enough to make up for the higher mortgage rates. And will buyers return to the market?

Marketing 105

Marketing Mortgages Sales Loans 105

HomeLight

JUNE 30, 2021

Zillow’s estimate of a home’s market value, the Zestimate, isn’t always accurate. Because it pulls from public, MLS, and user-submitted data, the Zestimate depends on the amount of data available. The app will also send you alerts when new listings come on the market, there’s a price drop, an open house, or the home status changes.

Marketing 67

Marketing MLS Commercial Closing costs 67

HomeLight

JANUARY 12, 2024

Fast facts about selling a house ‘as is’ in Tennessee Median sales price in Tennessee $371,900 (November 2023) Average days on market (DOM) for Tennessee 48 Disclosures “The Residential Property Disclosure Act in Tennessee Code Annotated § 66-5-201 to 210 requires most sellers of residential real estate to complete a disclosure statement.”

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As-is Investor Residential Closing costs 97

HomeLight

APRIL 28, 2023

While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Unsure about selling FSBO in Texas?

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Purchase and sale agreement Inspection Title Inspection contingency 76

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Within three weeks of marketing on their own, 80% to 85% of FSBO people will contract with a real estate agent.

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Purchase and sale agreement Inspection MLS Inspection contingency 99

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

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Closing costs Closing Seller concession Title search 98

HomeLight

MAY 8, 2024

However, it’s important to note that selling a house “as is” usually means accepting a lower offer than if you sold on the traditional market. We Buy Houses operations buy “as is” properties at a discounted rate compared to a traditional market sale and will generally seek out homes in need of significant repairs.

As-is 88

As-is Inspection Finance Residential 88

Real Trends

MARCH 22, 2023

” Read the entire MLS description, including extended comments/agent comments Many times the listing agent will actually state exactly what it will take for the seller to consider an offer. Notice if there are any details listed These details could include FHA approval, seller financing, closing cost assistance or as-is conditions.

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Inspection Agents New Construction Closing costs 77

Redfin

JULY 26, 2021

This guide gives you an overview of how much it costs to sell a house so you can be prepared and make a plan for buying your next home. Before you can know how much it will cost you to sell your home, you need to find out how much your home is worth. Seller concessions are often market-driven. Closing costs for the seller.

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Seller concession Closing costs Inspection Staging 70

HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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Purchase and sale agreement Natural hazards disclosure Inspection Title 91

HomeLight

MARCH 31, 2022

The seller’s market continues to boom in Florida. drop in median time on the market. We’ll also provide a comprehensive overview on the full process to prep, market, and close on your home without the assistance of a real estate agent. Average time on market: 14 days (Jan 2022). Can FSBO sellers post a yard sign ?

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Purchase and sale agreement Inspection Title MLS 91

Housing Wire

DECEMBER 18, 2023

In the seven-minute interview, Kasper addressed the commission lawsuits and the overall housing market , telling Evans that the projected decline in mortgage rates in 2024 is good news for the real estate industry. “We The interest rates rose so quickly that it took so many of them out of the market.

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MLS Loans Closing costs Industrial 441

HomeLight

JULY 30, 2021

Investors and buyers on the hunt for real estate deals employ these tactics to find off-market properties. Wholesalers do the legwork; they approach homeowners with unsolicited offers and negotiate a below-market sale price (i.e., a price lower than what buyers would pay for your home on the open market). had a deficit of 2.5

Investor 106

Investor Staging Closing costs MLS 106

HomeLight

MARCH 31, 2022

While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. 2022 for Phoenix metro).

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Purchase and sale agreement Inspection MLS Inspection contingency 89

Redfin

DECEMBER 7, 2020

First-time homebuyers and investors will likely quickly buy up any foreclosed homes, leaving the larger housing market unimpacted. As a result, many financially stressed homeowners couldn’t even afford to sell their home after paying agent fees of 6% and closing costs, so they often ended up in foreclosure. from last year. .

Marketing 79

Marketing Equity Investor Loans 79

HomeLight

DECEMBER 1, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. The timeframe may vary depending on the company and market. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight.

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Purchase and sale agreement Closing costs Closing Investor 77

HomeLight

NOVEMBER 3, 2022

Links and mentions of North Carolina flat fee MLS companies in this post do not constitute an endorsement. While the market is slowly cooling – or normalizing – home prices remain steady in many North Carolina cities and median days on market are relatively low, although today that can mean a week or two versus a day or two earlier this year.

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MLS Purchase and sale agreement Agents Sales 84

CT Homes

DECEMBER 22, 2021

In this article, CT Homes will explore the pros and cons of selling a house without a realtor so that homeowners can choose how they’d prefer to navigate the real estate market. Many seriously underestimate the cost of a reliable real estate agent. These items cost money and take up a lot of time. Product Awareness. Overselling.

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MLS Investor Agents Closing costs 88

HomeLight

DECEMBER 8, 2022

Links and mentions of Connecticut flat fee MLS listing companies should not be considered an endorsement. If you’re thinking about selling your Connecticut home without a real estate agent, it’s important to consider how you’ll effectively market your home to prospective buyers. That’s where flat fee MLS listing services come in.

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MLS Purchase and sale agreement Agents Sales 85

HomeLight

NOVEMBER 2, 2022

Mentions of flat fee MLS companies and links in this post do not constitute an endorsement. If you’re considering selling your home without the help of a real estate agent, you may want to use a flat fee MLS service to reach potential buyers. What is a flat fee MLS listing service? How Much Is Your Home Worth Now? Get Estimate.

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MLS Purchase and sale agreement Agents Sales 96

HomeLight

JULY 28, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Closing costs: Sellers pay no closing costs; Minnesota Home Guys covers them. You get to pick the closing date.

Closing costs 72

Closing costs Purchase and sale agreement Closing Staging 72

Real Trends

SEPTEMBER 15, 2023

Stop relying so heavily just on your MLS! Other great things about VA loans: No Prepayment penalties, sellers can contribute to closing costs, refinancing can happen up to 100% of the home’s value and repayment workouts if the veteran has payment issues. Tim and Julie Harris host a podcast for real estate professionals.

VA loan 82

VA loan Loans Mortgages Closing costs 82

The Close

APRIL 30, 2024

When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. Pricing real estate is an art and science. But it’s critical to dig deeper.

Agents 77

Agents Short sale Staging Sales 77

HomeLight

AUGUST 31, 2021

They will be experts in your target neighborhood, help you find the perfect home, and provide information you can’t find anywhere else thanks to resources, like the MLS database, they have behind the scenes. Price ranges can dramatically alter the way a home is marketed, and can also alter the way agents view them.

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Agents Closing costs Inspection Closing 128