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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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17 Tips to Sell Your House in a Down Market

HomeLight

If new housing developments offer first-time buyer down payment assistance or a fixed interest rate, those options could lure buyers away. Hire a top agent who really understands your market and has the experience to develop a winning strategy. Stage your home. Get a top agent you can trust. Know your competition.

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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? There are lots of reasons for this.

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A Guide On How To Sell Your House Fast

Redfin

Home staging, photographs, and cleaning services. Seller concessions. Staging: Furnishing rooms to showcase their potential (and downplay their flaws) is called staging. You can stage your home with your belongings with or without the help of a professional. Landscaping and lawn care. Potential tax bill.

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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company. However, as the Department of Housing and Urban Development (HUD) mentions in its guidelines to avoiding foreclosure : “Foreclosure doesn’t happen overnight.”

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Proceeds vs Profit: How Much Will I Make Selling My House?

HomeLight

Census Bureau and the Department of Housing and Urban Development (HUD), new home sales fell 16.6% Staging costs: Staging and prep fees generally account for 1%-4% of the home’s sale price. Seller concessions: Incentives to encourage buyers to close the deal. Money spent on home staging: $2,250 (0.6%).

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission. Beyond these closing costs, FSBO sellers cover expenses normally included in a listing agent’s commission, such as marketing costs. Seller concessions. See this state by state guide for details.