HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

Closing costs

Housing Wire

APRIL 28, 2025

Our partners are using our technology to offer an incredible range of innovative solutions, including cost-effective title search services, helping to match borrowers with eligible down payment assistance programs, and support for specialty loan programs, among others. These transitional measures are not a long-term solution.

Technology

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

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

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

Windemere Buying

MAY 19, 2025

Making a Contingent Offer on a Home Once you and the seller agree on the price of a home, both parties have certain responsibilities before closing. Title Contingency Before the sale of a home goes final, a search will be performed to ensure that any liens or judgments made against the property have been resolved.

Home sale contingency

Redfin

JUNE 30, 2025

When it comes to whether or not a seller has to be present at closing, the short answer is no. When selling a home, the seller can often close remotely or through a representative. That said, laws and practices vary slightly by state, so it depends on how the title company, attorney, or escrow agent handles closings.

Closing

Redfin

AUGUST 6, 2025

At this stage, the transaction has officially entered the closing process. A neutral third party – usually an escrow officer from a title or escrow company – manages these funds and documents to ensure all terms of the contract are met before any money or ownership changes hands. When does escrow start?

Earnest money deposit

Marco Santarelli

DECEMBER 29, 2024

This upward trend in rates can be attributed to renewed investor interest and adjustments in long-term bond yields, which are closely linked to mortgage rates. Understand Closing Costs: Be aware that refinancing typically involves closing costs similar to those you encountered when purchasing your home.

Mortgages

Redfin

JUNE 17, 2025

Selling a house can be a long process, and it makes sense that the seller would want to know when the seller gets money after closing – especially if those funds are being used to purchase a new home. In this Redfin article, explore what to expect during the closing process and when the seller can expect to receive their funds.

Closing

Redfin

JUNE 23, 2025

In real estate, the due diligence period is the time between an accepted offer and closing. You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. You put an offer on a home and it’s been accepted, now the due diligence period begins.

Due diligence

Marco Santarelli

DECEMBER 20, 2024

A quarter-point increase from 5% to 5.25% adds close to $40 to your monthly bill. Title Search and Insurance: These fees are related to verifying ownership and protecting the lender's interest. This can add up significantly over the 30-year span of the loan.

Mortgages

Redfin

AUGUST 5, 2025

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. The transaction is completed using an instrument of conveyance, usually a legal document such as a title , deed or lease. Once the property is conveyed during the closing process , it’s yours.

Purchase and sale agreement

Redfin

JUNE 11, 2025

In this article: Home inspection contingency Appraisal contingency Financing contingency Title contingency Home sale contingency Home insurance contingency Kick-out clause FAQs about contingencies in real estate 1. The title company typically conducts this search shortly after the contract is signed.

Purchase and sale agreement

Redfin

JULY 30, 2025

The payment is usually made via wire transfer or cashier’s check at closing. Because there’s no lender involved, cash deals tend to close faster and carry fewer complications. The payment is typically made through a wire transfer or a cashier’s check at closing. Both parties sign closing documents, finalizing the sale.

Purchase and sale agreement

Redfin

JULY 29, 2025

A lot of people will ask “Is down payment included in closing costs?” Closing costs are all the fees for the services needed to finalize the home sale. This includes things like appraisal fees, title insurance, and lender fees. ” when they’re buying a home. It’s your personal investment in the property.

Closing costs

Redfin

JULY 30, 2025

Yes, you can sell a house with a lien on it, but the lien must be resolved during the closing process. Most buyers (and their lenders) require a clear title, meaning no outstanding claims on the property. Verify the lien Request a title search or check with your county records to confirm any liens on your property.

Title search

Rochester Real Estate

NOVEMBER 5, 2015

These documents include purchase agreements, deeds, titles, lease agreements, and financing contracts. Title Search and Examination Before completing a real estate transaction, verifying the property’s title is crucial to ensure it is free from any liens, encumbrances, or disputes.

Purchase and sale agreement

HomeLight

OCTOBER 25, 2024

Disclaimer: Information in this blog post is meant to be used for educational purposes only, not as a guaranteed representation of closing costs. To find out exactly how much you’ll owe at closing as a seller in Washington state, work with a top local agent who can prepare a detailed net sheet breaking down each expense.

Closing costs

Redfin

AUGUST 6, 2025

The truth is, the timeline for buying a house can vary due to a number of factors like financing needs, if it’s a buyer’s or seller’s market, the time of year, and the type of home you’re searching for. Remember, you’ll still have to save for closing costs, which can be 5% of the purchase price. are bought with all cash.

Pre-approval

Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Determine your budget Estimated time: 2-4 weeks Before jumping into your home search the first step is to determine how much you can afford. There are many steps involved, each with its own timeline.

Pre-approval

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Take note of closing costs, loan terms, and any additional fees. Missing out on first-time homebuyer programs Between saving for a down payment and covering closing costs, buying a home can feel financially overwhelming.

Pre-approval

Redfin

JANUARY 28, 2025

Both the buyer and seller must work closely with the lender to ensure compliance with the loans terms and approval requirements. While it may take longer to close, the benefits can make it worthwhile. Fewer closing costs: Assuming a loan typically involves lower closing costs compared to obtaining a new mortgage.

Loans

Redfin

AUGUST 5, 2025

If you’re not trying to buy the house for a big discount, it’s usually easiest to choose a purchase price close to fair market value. Perform a title search Don’t skip out on completing a title search , even if your parents are the only ones who’ve owned the home.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

This involves making a careful budget that includes potential costs like the down payment, closing costs, taxes, and possible renovation expenses. Once you’ve found a home, you’ll need to make an offer, inspect the property, and navigate the closing process, which may involve legal nuances specific to New York. Contact Me!

Purchase and sale agreement

Redfin

AUGUST 5, 2025

A contingency is a clause included in an offer, which states that specific conditions must be met for a deal to close. Title contingency: If the seller is unable to transfer the title to the buyer free and clear, without any liens or encumbrances , a title contingency prevents and protects the buyer from having to purchase the home.

Earnest money deposit

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. Whether you get it back depends on the terms of your purchase agreement, the contingencies included, and why the deal didn’t close. When is earnest money refundable?

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

Additional Costs and Closing Fees In addition to the realtor fees, additional costs and closing fees may be associated with the home sale. These costs can include title search fees, attorney fees, transfer taxes, and any other expenses related to the closing process. chat_bubble close How Can I Help?

Purchase and sale agreement

Redfin

JULY 24, 2025

However, you will almost certainly have to cover closing costs. We’ll explain how it’s possible to roll closing costs into your new loan, potentially eliminating the need for upfront cash. How to avoid paying closing costs. How to avoid paying closing costs on a refinance?

Mortgages

Redfin

FEBRUARY 21, 2025

Whether you’re preparing for a move, considering a home equity loan, or simply maintaining your propertys clean title, uncovering liens early can save you from unexpected costs and stress down the road. Use an online title company For a more thorough lien search, consider using an online title company.

Title search

Rochester Real Estate

NOVEMBER 5, 2015

Tips to Research the History of Your House Embarking on a house history search project can be exciting but requires careful research and investigation. They often provide searchable databases to streamline your search process. Your real estate attorney may also be able to assist with finding valuable information through a title search.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

Other examples of market condition indicators that a top producing Realtor will provide a home seller before listing their home include market absorption rates , number of closed transactions year-over-year for a given month, average sale prices, and average list price to sale price ratios. The sale price is the price a home is sold at.

Purchase and sale agreement

HomeLight

NOVEMBER 19, 2024

If you’re buying or selling a home, you’ll likely come across the term “title company” during the process. In your search for title services, you could just Google “house title company near me,” but you want a trusted company with a solid track record so you can avoid detours and dead ends on your real estate journey.

Title

HomeLight

FEBRUARY 20, 2025

Well, according to Florida real estate agent Damian Costantino, a contingency is a stipulation written into the purchase contract that needs to be met or resolved before moving to the closing table. Title contingency: The sale of the home is contingent on the title search showing no issues or concerns.

Inspection contingency

Housing Wire

MARCH 10, 2025

In an industry dominated by private insurers, Iowa Title Guaranty (ITG) continues to operate as a state-run, not-for-profit title system that gives homebuyers a more affordable avenue for settlement services. Iowa bans private commercial title insurance in favor of its unique state-backed model.

Title

Rochester Real Estate

NOVEMBER 5, 2015

Quitclaim Deeds – What You Need To Know A quitclaim deed is a legal document that transfers property ownership without title guarantees. It is commonly used for specific situations such as transfers between family members, spousal transfers, divorce cases, trust transfers, and title corrections.

Title

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Title insurance is a comprehensively regulated product.

Title