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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

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.

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What Is the Cost of Selling a House in Maine?

HomeLight

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. What are common expenses for sellers in Maine? The size, age, and condition of your home can also affect the cost of preparing it for sale.

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Fees and Costs Associated With Selling a House in 2023

HomeLight

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

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Top Frequently Asked Questions From Home Sellers

Rochester Real Estate

Here are the top frequently asked questions that home sellers ask before listing a home for sale, questions relating to home value & pricing, questions relating to contracts, and questions relating to purchase offers. Frequently Asked Questions Before Listing Their Home For Sale When is the best time to sell my home?

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What Is the Cost to Sell a House in Chicago?

HomeLight

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale.

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8 Ways Home Buyers Can Get Their Offer Accepted

Realty Biz

If you want to give yourself a better chance of having your offer accepted, making it as clean and straightforward as possible will appeal to the seller. Any proposal full of contingencies or seller concessions isn’t going to look as good. Typically, the earnest money is 1% to 5% of the purchase price.

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When Your Home Appraisal Comes in Low – What It Means for Your Redfin Journey

Redfin

Mortgage lenders typically base their financing on the appraised value or the purchase price , whichever is lower, directly impacting the loan amount. Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Negotiate the purchase price: This is often the most common resolution.