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Are Mortgage Points a Good Deal for Buyers? What You Need

HomeLight

That extra MI cost could override any savings you’d see from discount points — at least until you hit 20% equity on your home, and get rid of your MI payments. I’ve never purchased a home without the seller paying at least 3%,” he adds. A seller concession may be the best of both worlds for the savvy homebuyer.

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How Much Are Closing Costs in California?

HomeLight

Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. Common seller concessions include home warranty, home inspection fees, repair credits, and insurance for earthquakes and other natural disasters. The rate could go from 7% to 6.5% of the loan.

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What Costs Are Involved in Selling My House?

HomeLight

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. For example, if a home inspection uncovers plumbing problems or electrical hazards, the sellers might offer the buyers a credit rather than spend the money to fix the problem before closing. Seller concessions.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). New construction fell as builders were left stuck with inflated inventory There were 1.41 million privately-owned new homes built in the U.S.

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Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. The company has 4.6

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How to Sell a House by Owner in South Carolina: A FSBO Guide

HomeLight

A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot South Carolina real estate market and a steep rise in equity added extra incentive to maximize profits.