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.
Housing Wire
APRIL 15, 2024
If the settlement is approved by the court, although agents and home sellers will not be able to list offers of compensation on the MLS, home sellers may still offer to cover the buyer’s agent fees if they so choose. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.
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Housing Wire
NOVEMBER 20, 2023
Enter the savvy seller. Savvy sellers are consumers who will choose to have a seller agent complete a basic MLS listing, then take the process into their own hands by fielding orders directly from buyers rather than give 3% to have offers brought to them. But loan officers now have a new value add for listing agents.
The Close
FEBRUARY 20, 2024
I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. This can tell you how hot the market is—either a buyer’s or a seller’s market. The first would be your local MLS.
HomeLight
SEPTEMBER 30, 2021
If you’re financing your purchase with a mortgage loan, your new property most likely needs to undergo an appraisal to complete the transaction process. Lenders will almost always require an appraisal to be done by an independent third party if you’re getting a mortgage loan. Option 5: Pay more for the house. What is an appraisal?
The Close
FEBRUARY 6, 2024
They only had to finance a small part of the home loan (less than $100,000) after they offered to pay 80% of the list price in cash. That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan.
HomeLight
JANUARY 29, 2021
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. MLS listing fee. Mortgage pay off.
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