Marco Santarelli

APRIL 30, 2025

Can you imagine paying over 18% interest on your home loan? Some analysts, like Lisa Sturtevant from Bright MLS, are even suggesting that a 6% rate might just be the “new normal” for the 30-year fixed mortgage, a sign that the super-low rates of the early 2020s were an unusual blip. Trust me, it's been a rollercoaster!

Mortgages

Redfin

AUGUST 5, 2025

But sometimes model homes can also be made available for interested buyers to purchase. As a result, buying a model home can end up being a much more affordable option than purchasing a newly built one. If the model home comes with furniture or decor you like, ask your builder to include the furniture in your purchase agreement.

Purchase and sale agreement

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. MLS has a field to mark a listing as is? $100 Its much more common than you might think!

As-is

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

Industrial

Housing Wire

AUGUST 19, 2024

Mandatory commission offers from listing agents (and sellers) to buyer agents that are now required to be included in NAR -operated Multiple Listing Services (MLS) listings have allowed the industry to maintain near-uniform commission rates of 5-6% and deterred negotiation over these services.

Purchase and sale agreement

Housing Wire

OCTOBER 11, 2023

projection is undoubtedly that between 60% and 80% of agents could wash out in the industry as buyers find alternatives to their services , MLS networks/NAR weaken, and the power paradigm shifts dramatically to sell-side agents. But the most frightening — or exciting? Who’s most exposed? About 40% of respondents said they thought a 2.5%

Agents

Housing Wire

NOVEMBER 15, 2023

Would love for our MLS to not be a part of the organization. The most popular responses were lobbying and MLS access, which many respondents described as critical. Quite a few were complimentary of the lobbying work done, classes, training and, yes, MLS access. Many respondents said they are using buyer-broker agreements.

Purchase and sale agreement

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. of the loan amount in LO compensation.

Loan Officer

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

Home sale contingency

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.

MLS

HomeLight

MAY 27, 2021

When you signed the listing contract to put your house on the market, you had high hopes for a quick sale. And now you’ve realized that even the listing agreement with your agent has expired. We’ll fill you in on what obligation (if any) you have to your agent and what your options are to complete the sale.

Purchase and sale agreement

Point2Homes

DECEMBER 8, 2020

But, what does contingent mean and how does it affect your purchase? However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Contingent Statuses. Kick-Out Clause.

Purchase and sale agreement

Realty Biz

AUGUST 23, 2022

Have you heard the term MLS in real estate and wondered what it meant? The multiple listing service or MLS is a way for real estate agents to connect buyers and sellers better. As a seller, it lets the world know you’re home is for sale. So how does the MLS in real estate work? How Does The MLS Work in Real Estate?

Purchase and sale agreement

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

Debt-to-income ratio

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

Purchase and sale agreement

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. These clauses are most often used when a buyer needs to sell their current home before purchasing a new one. A contingency is a condition that must be met for the purchase to proceed.

Purchase and sale agreement

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

Sales

HomeLight

OCTOBER 4, 2021

The offer is accepted; then, you sign the loan, grab the keys, and move in. Sometimes you don’t have enough cash saved up for a down payment , or you’re between jobs and can’t qualify for a loan. A rent-to-own home is an agreement that allows the renter to buy the home from the landlord after a specific lease period.

Purchase and sale agreement

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

Short sale

Realty Biz

SEPTEMBER 14, 2021

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Anything serious found may lead to the sale not completing.

Backup offer

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

Purchase and sale agreement

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

Purchase and sale agreement

HomeLight

MARCH 31, 2021

With rent-to-own homes , you get to try the home on for size while holding the door open to purchasing the home later. This method of buying a home can be more complicated than a straightforward home purchase, and it’s not a widely used technique. That gives you more time to work on your credit score and get ready for a mortgage.

Purchase and sale agreement

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

Purchase and sale agreement

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

Purchase and sale agreement

HomeLight

JULY 29, 2022

Once your offer has been accepted by the seller and you have signed the purchase contract, it’s time to order an appraisal. Appraisers use local multiple listing services (MLS) to evaluate this, among other resources. If the seller accepts, this is when you as the buyer sign the purchase contract to solidify the details of the sale.

Purchase and sale agreement

HomeLight

AUGUST 30, 2021

For the right would-be buyer, a rent-to-own arrangement can be an ideal path to invest in a future home purchase — a time to save money and improve credit, or wait for an expected shift in circumstances, while living in a home that will one day be yours. Further, take time to learn more about this type of purchase.

Purchase and sale agreement

Toronto Realty Blog

APRIL 18, 2022

by WATA, which not only sold for $870,000 last year, but which is now being offered for sale again at a reasonable $1,305,000. and there’s a person out there who values this game and would consider purchasing it, then there’s both supply and demand, and thus we have a market. For a goddam video game! Well, rate-holds!

Fixed-rate mortgage

Redfin

AUGUST 22, 2024

The National Association of Realtors and multiple listing service (MLS) have implemented new rules about how real estate agents communicate about real estate fees. This sets the maximum amount that your buyer agent will be paid when you purchase a home. Your agent will ask you to sign an agreement about their fee before touring homes.

Purchase and sale agreement

HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). 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. Original sales contract. Many FSBO sellers will purchase a pre-listing appraisal. How Much Is Your Home Worth Now?

Purchase and sale agreement

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Indiana. Indiana law requires sellers to disclose material facts about the property through the Seller’s Residential Real Estate Sales Disclosure. MLS has field to mark a listing “as is”?

As-is

Notorious ROB

APRIL 5, 2023

I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. Settlement : actual exchange of money or something else of value for what was purchased. DPX is an MLS The first and most important differentiator is that DPX is a Multiple Listing Service.

Purchase and sale agreement

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

Purchase and sale agreement

Toronto Realty Blog

JULY 31, 2023

TorontoRealtyBlog When I sold my first condo back in 2009, I had no problem including all of my patio furniture in the sale, since I was moving to a new condo with an even bigger patio, and I had already purchased new furniture. The point I’m making is this: once the sale closes, the buyer has zero leverage, right or wrong.

Purchase and sale agreement

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. MLS has field to mark a listing “as is”? “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Request Cash Offer.

As-is

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. They’ll be able to tell you if you’re getting ripped off on the sale price or if a builder overcharges you on granite countertops.

Agents