Remove Closing Remove FHA loan Remove Purchase and sale agreement Remove Staging
article thumbnail

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

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. You should be finding buyers before real estate agents anyway.”

article thumbnail

How Long Does It Take to Close on a House From Start to Finish?

HomeLight

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. Broken down by type of loan, you can expect the following: .

Closing 108
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Much Are Closing Costs in Massachusetts? (And 5 Ways to Reduce Them)

HomeLight

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. Massachusetts closing costs for homebuyers tend to run approximately 2.5% What are closing costs?

article thumbnail

A Homebuyer’s Ultimate Guide to Rent-to-Own Homes: Everything You Need to Know in 2022

HomeLight

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. for an FHA loan. Let’s dive right in!

article thumbnail

Selling a House ‘As Is’ in Texas

HomeLight

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. Real estate attorneys are not considered essential for closing in the state of Texas. Sell 'As Is' With a Cash Offer. Request Cash Offer.

As-is 94
article thumbnail

How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. At this stage, official notice of default has been issued and is publicly available. Source: (LinkedIn Sales Solutions / Unsplash).

article thumbnail

The Ultimate Guide to Buying a House in Michigan

Redfin

Michigan housing market insights The housing market in Michigan continues to show increased median sale prices. As of recent data, the median sale price stands at $252,200, reflecting a 1.6% Additionally, the number of homes available for sale has declined, down 8.3% year-over-year increase. year-over-year.