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‘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. Assisting homebuyers and their agents adds more to an LO’s plate.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Pro Tip Sellers can get frustrated when their listing sits on the market, waiting for a buyer. For agents, offering advice on cost-effective improvements, staging tips, and accurate pricing is essential. FAQ How do interest rates affect a buyer’s or seller’s real estate market? appeared first on The Close.

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Does Smoking Inside a Home Affect Its Value? Should You Still Buy It?

HomeLight

The house looks clean and is staged well, but it has a persistent cigarette odor that seems to have seeped into the walls. Agent Jessica Smith , who is based in Alabama and has more than seven years’ experience in the industry, says that motivated sellers will take care of the smoke problem before they put the house on the market. “If

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

We detail what costs you’re likely to incur and what sellers pay on average. Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Cost to seller.

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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

Both promise to buy your home for cash, and close quickly. This enables you to skip many of the typical hassles of selling a house (repairs, showings, open houses), and close in as little as 10 days. They also offer a home listing option for home sellers. Like Opendoor, they also offer a home listing option for sellers.

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How to Pick a Real Estate Agent for Buying a Home

HomeLight

When you choose well, your real estate agent will be your guide as you find your perfect home and make it to the closing table. Attending the closing and ensuring it goes smoothly. If you still need more references, or if you don’t have any by the interview stage, this is the time to ask. Real Estate Agent. Years of Experience.

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How to Sell a House By Owner in Alabama

HomeLight

We’ll also provide a comprehensive overview of the full process to prep, market, and close on your home without the assistance of a real estate agent. In an agent-assisted sale, the seller typically pays a commission amounting to around 6% of the sale price, which is then most often split 50/50 with the buyer’s agent.

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