Closing Closing costs MLS Seller concession 
Housing Wire
MARCH 15, 2024
Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.
Housing Wire
APRIL 15, 2024
The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email.
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Redfin
JULY 26, 2021
Your realtor uses the MLS to obtain information on three or four homes currently on the market or those that have recently sold in your neighborhood. Home seller concessions . The buyer includes their request for concessions in their initial offer and becomes part of the negotiation process. . Any seller concessions.
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.
The Close
FEBRUARY 6, 2024
Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. That showed the sellers that my clients were more invested and serious about purchasing the home. That way, you can give them the time to move stress-free.
Redfin
JUNE 28, 2022
While most people fixate on the 6 percent real estate agent fee , the cost of selling your home is actually more. It costs close to ten percent of a house’s selling price to sell your home. Seller concessions. Transition and overlap costs. Offering to pay closing costs for the buyer.
HomeLight
JUNE 29, 2022
Once upon a time, the only place you could find property data was the MLS (multiple listing service) , a series of private databases real estate professionals use to share listing information among one another and broker deals. Home and lot size: A comparable home will have relatively close square footage and the same size yard.
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