Housing Wire

AUGUST 19, 2024

Mandatory commission offers from listing agents (and sellers) to buyer agents that are now required to be included in NAR -operated Multiple Listing Services (MLS) listings have allowed the industry to maintain near-uniform commission rates of 5-6% and deterred negotiation over these services.

Purchase and sale agreement

Housing Wire

NOVEMBER 15, 2023

Would love for our MLS to not be a part of the organization. The most popular responses were lobbying and MLS access, which many respondents described as critical. Quite a few were complimentary of the lobbying work done, classes, training and, yes, MLS access. Many respondents said they are using buyer-broker agreements.

Purchase and sale agreement

HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. What are closing costs? Closing cost.

Closing costs

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? Let’s get started. Get Estimate.

MLS

HomeLight

DECEMBER 8, 2022

Links and mentions of Connecticut flat fee MLS listing companies should not be considered an endorsement. That’s where flat fee MLS listing services come in. Read on to learn more about these services — and whether working with one of these companies makes sense for your FSBO Connecticut home sale. Get Started.

MLS

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

Home sale contingency

HomeLight

DECEMBER 8, 2022

Links and mentions of Austin, TX flat fee MLS listing companies should not be considered an endorsement. Although less common, some sellers opt for the FSBO (for sale by owner) route, which can entail using a flat fee MLS listing service that operates in Austin, instead of using a traditional real estate agent. Get Started.

MLS

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

Purchase and sale agreement

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

Debt-to-income ratio

Toronto Realty Blog

JANUARY 27, 2023

The letters “SC” on an MLS listing mean the property is “sold conditionally,” and agents not only know this, but are quite accustomed to seeing it on listings. Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. SCE What in the world is that?

Purchase and sale agreement

HomeLight

NOVEMBER 3, 2022

Links and mentions of North Carolina flat fee MLS companies in this post do not constitute an endorsement. Real estate agents market their listings on the multiple listing service (MLS) as part of their marketing strategy – something FSBO (for sale by owner) sellers cannot do on their own. What is a flat fee MLS listing service?

MLS

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

Purchase and sale agreement

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure.

As-is

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement

HomeLight

MARCH 31, 2021

With rent-to-own homes , you get to try the home on for size while holding the door open to purchasing the home later. This method of buying a home can be more complicated than a straightforward home purchase, and it’s not a widely used technique. Source: (LinkedIn Sales Solutions / Unsplash). If so, consider the offer.

Purchase and sale agreement

HomeLight

AUGUST 30, 2021

For the right would-be buyer, a rent-to-own arrangement can be an ideal path to invest in a future home purchase — a time to save money and improve credit, or wait for an expected shift in circumstances, while living in a home that will one day be yours. Further, take time to learn more about this type of purchase.

Purchase and sale agreement

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in North Carolina. MLS has field to mark a listing “as is”? Problem, malfunctions, or defects with any appliances that may be included in the sale.

As-is

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Michigan are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement

HomeLight

DECEMBER 13, 2022

When the time comes to move, some tenacious homeowners in Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2021

Though homebuyers tend to begin their search online , 89% of them ultimately purchase their home through a Realtor®. Realtor® fees cover the cost of both buyer’s agents and listing agents for home purchases. These fees are a percentage of the home’s sale price, usually around 5%-6%. Updated September 30, 2021.

Purchase and sale agreement

HomeLight

APRIL 29, 2022

“Some people have a lot more time and energy to engage and make the best of the sale, and some people don’t,” says George Graham , a top real estate agent in the Seattle, Washington, area. An as-is home sale often indicates that the home has some “big-ticket items” that won’t pass the required inspection or appraisal, he adds.

As-is

HomeLight

JULY 25, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Skip repairs and close in as few as 10 days. Median sales price in Texas. MLS has field to mark a listing “as is”? Real estate attorneys are not considered essential for closing in the state of Texas.

As-is

HomeLight

MARCH 2, 2022

Much of the information that can be found about home inspections is focused on the buyers since they are the ones who order the inspection and use the information to ultimately decide whether or not to purchase a property. When does a home inspection happen during a home sale? Video Credit: Corinne Rivera / HomeLight). Request Offer.

Inspection

HomeLight

OCTOBER 11, 2022

When the time comes to move, some tenacious homeowners in Iowa are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow). Get Estimate.

Purchase and sale agreement

HomeLight

DECEMBER 1, 2022

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. Close the sale and get paid quickly.

Purchase and sale agreement

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

Purchase and sale agreement

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement

HomeLight

DECEMBER 6, 2022

When the time comes to move, some tenacious homeowners in New Jersey are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement

HomeLight

MAY 27, 2021

Closing costs? Listing sites where you browse homes for sale usually have a sponsored agent pop-up that will lead you to a real estate agent. Townhouse deals are different from land purchases ; condos are different from single-family homes. The agent’s commission is normally a part of the seller’s closing costs.

Earnest money deposit

HomeLight

OCTOBER 14, 2022

When the time comes to move, some tenacious homeowners in Pennsylvania are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in the last few years — choose to list “For Sale By Owner” or FSBO (pronounced fizz-bow).

Purchase and sale agreement

Redfin

AUGUST 29, 2024

However, there are a lot of things to learn about how to buy a house, like current mortgage rates, your credit score, home inspections, and closing costs. Additionally, it’s important to account for other upfront costs such as the down payment, closing costs, and potential home maintenance or repair expenses.

Earnest money deposit

Redfin

MARCH 25, 2022

The commission they earn is a percentage of the home’s purchase price. Typically, the real estate agent is paid when the home purchase closes – when the money for the sale changes hands from buyer to seller. The commission payment is usually a cut of the sale price from the seller’s home sale proceeds.

Purchase and sale agreement

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

Short sale

HomeLight

JULY 28, 2022

It needs repairs to make it viable for sale. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Minnesota. Get an offer in as few as 48 hours and close in as little as 10 days. Minnesota Home Guys may complete the sale and give you your cash in as little as seven days.

Closing costs

HomeLight

SEPTEMBER 30, 2022

When the time comes to move, some tenacious homeowners in Wisconsin are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7%-8% , historically — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).

Purchase and sale agreement