HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.

Closing costs

Housing Wire

APRIL 18, 2025

Many builders offer incentives or are open to negotiating closing costs, lot premiums and other expenses. For quick move-in homes, closing dates can also be adjusted. If no rate protection is available, buyers should ensure they still qualify for their mortgage in case of a rate increase.

Purchase and sale agreement

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. of the loan amount) at settlement to use toward their closing costs.

Brokerage

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs

Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. In terms of pricing, the product is similar to a traditional closed-end second mortgage.

Loans

Keeping Current Matters

JULY 21, 2025

consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.” Many homeowners may skip basic steps like reading reviews, checking sales history, and interviewing a few agents. make sure the buyer also feels like he or she benefits. Not a Member Yet?

Agents

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs

Keeping Current Matters

JUNE 12, 2025

That’s like leaving the fate of your sale to a coin toss. It Was Priced Too High Today, homebuyers are feeling the squeeze of higher mortgage rates, so even a slightly overpriced home will get overlooked. What we need to do now: We need to analyze the latest sales in your area to make sure you’re hitting the right number.

Staging

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. These are not tied to a mortgage but are inherent to transferring property ownership.

Closing costs

HomeLight

MARCH 24, 2025

Youre behind on the mortgage with no way to catch up, and now youre facing foreclosure. In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? What is a short sale? How do I know if I qualify for a short sale?

Short sale

Seattle Times Real Estate

MAY 30, 2025

Aside from April 2020, when the pandemic brought the economy and home sales activity to a standstill, there haven’t been this few buyers in the market for a home before, based on records that date back to 2013. Last year, sales of previously occupied U.S. homes sank to their lowest level in nearly 30 years. All told, there were 1.9

Mortgages

BAM Media

DECEMBER 19, 2024

With home prices expected to rise, mortgage rates still in flux, and buyers and sellers split on key market dynamics, next year is shaping up to be anything but predictable. Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates.

Marketing

HomeLight

OCTOBER 28, 2024

A quick turnover can signal strong demand, potentially leading to a faster sale at a favorable price. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price.

Pre-approval

Marco Santarelli

APRIL 4, 2025

On April 4, 2025, mortgage rates have dropped below 6.50%, a shift largely prompted by the recent economic reaction to new tariffs announced earlier in the week. This decrease provides a unique opportunity for potential homebuyers and those looking to refinance their existing mortgages. What Are Today's Mortgage Rates?

Mortgages

Marco Santarelli

APRIL 23, 2025

Despite some economic uncertainty, new home sales are actually exceeding expectations! New Home Sales Boom Defying Expectations in a Bumpy Economy A Surprising Surge in Sales The numbers don't lie. In March 2025, new single-family home sales reached a seasonally adjusted annual rate (SAAR) of 724,000 nationwide.

Sales

Marco Santarelli

MAY 31, 2025

As of May 31, 2025, mortgage rates have decreased, offering homeowners and potential buyers advantageous conditions for both purchasing new homes and refinancing existing loans. The 30-year fixed mortgage rate has declined to 6.84% , while the 15-year fixed mortgage rate has notably dipped to 5.99%.

Mortgages

Housing Wire

FEBRUARY 19, 2025

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Remember, its not just about making a sale its about advocating for your client’s best interests. Encourage your buyers to keep an open mind.

Closing

Lighter Side of Real Estate

APRIL 29, 2025

of home sales in the U.S. Here are some common examples: Money toward closing costs A seller might agree to cover part (or all) of the buyers closing fees, which can be thousands of dollars. Repair credits Instead of making repairs, some sellers offer a lump sum credit so buyers can handle it themselves after closing.

Seller concession

The Close

NOVEMBER 25, 2024

However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement

Redfin

JULY 29, 2025

A lot of people will ask “Is down payment included in closing costs?” It’s easy to get them confused because they’re both big upfront costs you pay when you’re in the homebuying process. Closing costs are all the fees for the services needed to finalize the home sale.

Closing costs

The Mortgage Report

JULY 4, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Cash-out refinances can be costly due to high fees and restarting your mortgage.

Equity

Marco Santarelli

FEBRUARY 28, 2025

As of February 28, 2025 , mortgage rates are at their lowest levels this year. According to Zillow , the national average for a 30-year fixed mortgage is 6.31% , and the 15-year fixed rate is 5.61%. With these interest rates trending downwards, it's a really good time to think about buying a home or refinancing your current mortgage.

Mortgages

Windemere Selling

MARCH 3, 2025

Youll have time to ensure the facts are correct and be able to dispute mistakes before your mortgage lender checks your credit. Alert the credit bureaus if you see any mistakes, fix any problems you discover, and dont apply for any new credit until after your home loan closes. Why all three?

Pre-approval

Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. Mortgage rates can wiggle around based on where you are and who you're borrowing from.

Mortgages

HomeLight

APRIL 10, 2025

Timing the sale and purchase just right especially in a competitive market like Phoenix often adds extra pressure. You can then make a strong offer on your next home with no home sale contingency. Because bridge loans are designed for speed and convenience, they usually cost more than a traditional mortgage.

Equity

The Mortgage Report

JUNE 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? The average borrower now sits on $302,000 in equity. In 2025’s first quarter , U.S.

Equity

HomeLight

APRIL 30, 2025

If you’re planning on selling a house in Alabama, youve likely noticed that for-sale signs are lingering longer. Waiting for months to find a buyer may not work for your moving plans, especially if you need the proceeds from your home sale to buy your new house. What is Your Alabama Home Worth? What is Your Alabama Home Worth?

Sales

Redfin

JULY 31, 2025

Selling a house with a mortgage isn’t unusual. In fact, most homeowners still have a mortgage when they sell. The key is knowing how to navigate the process so you walk away with money in hand – without being blindsided by fees, delays, or worst-case scenarios where you owe money just to close. Either way, guesswork is risky.

Mortgages

Redfin

JUNE 27, 2025

Key Takeaways: Shopping mortgage rates, reviewing your credit report, and looking into first-time home buyer programs can improve your financial situation and increase your choices. Don’t skip critical steps like the home inspection or negotiating closing costs. For instance, on a $350,000 mortgage, a 3.5%

Pre-approval

Redfin

JULY 18, 2025

This Redfin Real Estate article outlines practical steps every buyer should follow, from budgeting and touring homes to inspections and closing. Whether you’re looking at homes for sale in San Francisco , or touring houses in Portland , knowing what to prioritize will help you make smarter decisions and avoid common pitfalls.

Pre-approval

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession

Redfin

JULY 15, 2025

This Redfin guide is here to be your checklist, breaking down the upfront costs you’ll need to cover to actually close on your home and make it yours. From inspections to closing fees, here’s what you should know (and plan for) before you get the keys. Closing costs So, what are closing costs ?

Closing costs

The Close

NOVEMBER 25, 2024

I’ll walk you through everything from figuring out if this strategy suits you to finding listings and ultimately closing the deal on the property. Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. What Is a Preforeclosure Property?

Hard money loan

HomeLight

APRIL 9, 2025

You can then make a strong offer on your next home with no home sale contingency. It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Buy Before You Sell What is a bridge loan, in simple words?

Equity

Marco Santarelli

JUNE 12, 2025

Mortgage rates are a vital indicator of the health of the housing market and have a profound impact on consumer purchasing power, refinancing decisions, and overall economic confidence. As of June 12, 2025, mortgage rates have shown signs of slight decline , sparking cautious optimism among prospective homebuyers and current homeowners.

Mortgages

Marco Santarelli

DECEMBER 5, 2024

Mortgage rates to stay above 6% in 2025 , according to the Realtor.com® While there might be some slight improvements in the housing market, including a larger supply of homes for sale, the elevated mortgage rate environment will likely persist. Are you planning to buy or sell a home in 2025? by the year's end.

Mortgages