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How real estate professionals can help first responders buy a home

Housing Wire

Stop relying so heavily just on your MLS! This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement. These features make VA loans one of the most attractive loan programs available in the industry.

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NAR, MBA ask for clarification on underwriting rules

Housing Wire

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards. Department of Veteran Affairs (VA) on Wednesday, urging it to revise policies that prohibit veterans from paying buyer broker commissions.

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NAR president vows to continue to fight commission lawsuits

Housing Wire

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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What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

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.

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How real estate professionals can help first responders buy a home

Real Trends

Stop relying so heavily just on your MLS! This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement. These features make VA loans one of the most attractive loan programs available in the industry.

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Opinion: Realtors, it’s time to raise your voice for consumers

Real Trends

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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Vital Steps to Take When Purchasing Your First Home

Realty Biz

By following these steps, you can easily navigate the real estate market. Research different types of mortgages available, such as conventional, FHA, or VA loans. They have access to the Multiple Listing Service (MLS) and can help you find homes that may not be readily available to the public.