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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. For real estate professionals, this option presents an opportunity to capture more sales. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 454
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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

VA loan 454
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How to Beat a Contingent Offer on the House You Want

HomeLight

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Limit or eliminate seller concession requests When crafting an offer that stands out, minimizing or completely avoiding requests for seller concessions can significantly boost your chances.

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GCI: What It Is & Why It Matters to Every Real Estate Agent

The Close

Gross commission income (GCI) is the full amount of money a real estate agent may receive in exchange for representing a buyer, seller, or both in a real estate transaction. GCI is generally calculated by multiplying the commission rate by the final sale price. Fill in your final sale price and commission rate below.

Agents 96
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17 Tips to Sell Your House in a Down Market

HomeLight

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. When a market turns down, and the number of buyers decreases, knowing every potential issue that could affect the sale of your home can be important.

Marketing 104
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Opendoor vs Offerpad: How Do These Homebuying Companies Match Up?

HomeLight

Alternatively, HomeLight can provide an all-cash offer to purchase your home through our Simple Sale platform. They also offer a home listing option for home sellers. They offer a quick closing process designed to suit home sellers who need a fast transaction or just don’t want to be bothered with the fuss of listing.

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What to Know About Selling Your Home in Houston, Texas

HomeLight

Whether or not you’ll want to push back or negotiate with the buyer will depend on hyperlocal, recent sales trends, so consult your Realtor® to discern promising offers and know what latitude market conditions may or may not allow. The cost to sell a house in Texas generally averages about 7% to 8% of the final sale price.