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

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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.

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Creative Ways To Win A Bidding War In A Competitive Market

Easy Agent Pro

Carefully consider factors like inventory levels, average sale prices, and average days on the market before making decisions. Are there upcoming developments or infrastructure projects that could impact property values? By offering to cover these costs, you reduce the financial burden on the seller and make your offer more enticing.

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Are There Disadvantages to the Seller Paying the Buyer’s Closing Costs?

HomeLight

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. So if your home sells for $450,000, you could spend anywhere between $27,000 to $45,000 in seller fees. Should you consider it? Source: (Kim Gorga / Unsplash).

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How Much Are Closing Costs in California?

HomeLight

In this post, we’ve researched the expenses related to buying a home in California and gathered expert insights to help you understand just how much closing costs will set you back before you make the biggest purchase of your life. Find a Buyer's Agent What are closing costs? We’ll break down these items in more detail in the next section.

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How to Pick a Real Estate Agent for Buying a Home

HomeLight

We analyze millions of home sales to find buyer’s agents who will show you the perfect home with the right price. While old-fashioned methods of picking a real estate agent like referrals and for-sale signs are valuable in your search, the ever-evolving internet offers a wealth of immediate resources. Leverage technology.

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How to Sell a House By Owner in Virginia: an Old Dominion FSBO Guide

HomeLight

When the time comes to move, some tenacious homeowners in Virginia are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 — choose to list “For Sale By Owner” (or FSBO — pronounced fizz-bow).