Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).

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Sellers HOA Insurance Contracts 69

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Real Estate Real Estate Agent Contracts Inspection 148

Empire Appraisal Group

JUNE 29, 2023

million homes in homeowners’ associations (HOAs), most of our members have helped prepare contracts that address issues associated with association rules. The condo disclosure comes from Section 718.503, Florida Statutes, and the HOA disclosure comes from Section 720.401, Florida Statutes. . – With over 1.5

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HOA Contracts Sellers Buyers 78

Will Springer Realtor

MAY 2, 2023

They have safeguards built in to written agreements such as a purchase contract on a home. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement. More on HOA documents.) Lenders also typically require a minimum 3.5%

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Contracts Buyers HOA Inspection 58

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

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Contracts Appraisal HOA Architecture 52

Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. As a seller, this can help to ensure that buyers have the actual cash they are claiming they have.

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Contracts Real Estate Sellers Buyers 36

San Jose Real Estate

SEPTEMBER 23, 2024

What is a seller concession? This refers to anything that the seller gives or grants to the buyer. Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so.

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Appraisal Today

JULY 5, 2024

Often sellers said they would remove the pool, but the buyers never requested it. HOA Horror Stories: From Poop Disputes to Jail Time for Wrong Paint Colors — and How 2 States Are Fighting Back Excerpts: Homeowners associations are supposed to maintain common areas and enforce community rules, which isn’t a bad thing.

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HOA Appraisal Real Estate Contracts 65

Raleigh Realty

AUGUST 27, 2021

It lets sellers know that you are serious about purchasing their home and that you have done the work to be in good financial standing. Sellers want to know that you will be able to follow-through with the purchase of their home. The price for HOA fees will vary from location to location. What Are My Total Costs?

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Real Estate Agent HOA Real Estate Agents 78

Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. When there are market changes it often takes sellers time to first realize it and then be willing to accept it.

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Bracketing HOA Sellers Buyers 55

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Closing Costs for Sellers in Texas. Title Company Fees for Sellers. Buyer and Seller will each pay an escrow fee at closing.

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HOA Sellers Insurance Contracts 36

Listing Spark

APRIL 2, 2021

When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Title Company Expenses (Seller Paid). Below are the list of fees the seller typically pays that are specific to the title company.

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HOA Insurance Sellers Contracts 36

Listing Spark

NOVEMBER 11, 2022

You are technically a For Sale By Owner seller (FSBO). There are some sites, like the FSBO section of Zillow, geared to FSBO sellers that you can use to market your home. The most successful FSBO sellers will pivot away from FSBO sites (where the majority of potential buyers are not searching). Down payment amount.

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Realtors Contracts HOA Sellers 36

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1%

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HOA Inventory Buyers Contracts 46

Zillow

JULY 15, 2019

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.

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Real Estate Agent Inspection Insurance Sellers 56

Lamacchia Realty

FEBRUARY 27, 2024

2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1% What does this mean for Sellers ? For current condo owners, this means increased expenses such as higher monthly HOA fees, special assessments, etc. Many sellers are still hesitating to list their homes.

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Inventory Sellers Real Estate Buyers 48

Lamacchia Realty

MARCH 28, 2023

New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Sellers, the sooner you put your home on the market, the more it will sell for !

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New Listings Sellers HOA Buyers 50

Lamacchia Realty

JULY 29, 2024

That said, for most residential real estate in the region, sellers are well advised to list their homes competitively due to unprecedented affordability challenges for buyers. Mortgage rates continue to fluctuate, significantly influencing buyer and seller decisions. over this timeframe in 2023.

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Sellers Buyers Insurance Inventory 51

Raleigh Realty

MARCH 29, 2021

Your neighborhood may require homeowner's association (HOA) fees, too. Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. Due diligence stretches from the time you sign a contract to closing. And shop around for lenders.

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

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Appraisal Agents Real Estate Real Estate Agent 80

Raleigh Realty

AUGUST 20, 2022

The seller pays the listing firm. Earnest Money When you find the home you wish to buy, you must submit an earnest money deposit to the seller. This deposit is your way of telling the seller you are serious about buying the home and aren’t going to get the seller’s hopes up and then go off and buy a different house.

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Property Taxes Real Estate Agent Insurance Real Estate 78

Will Springer Realtor

APRIL 6, 2021

As for a project where the developer is selling new-construction units, Fannie will only back mortgages if at least 50% of the homes have been conveyed (under contract) to principal residences or a limited number of second-home purchasers. Buyers typically pay for the HOA-completed questionnaire – around $200 – at closing.

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HOA Mortgage Buyers Insurance 36

Raleigh Realty

MAY 3, 2021

Pre-approval provides you and the seller a sense of how much house you can buy. Hiring a real estate agent gives you a knowledgeable professional who knows how to read contracts. A real estate agent also will be well-versed in seller's disclosures, titles, and mortgage statements. The seller may offer a list of disclosures.

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Real Estate Agent Real Estate Inspection Insurance 78

Listing Spark

JULY 5, 2023

The closing costs you pay on a property, especially as a seller, can easily come out to a hefty 8-10% of the selling price , so doing what you can to understand each line item and reduce the total cost is well worth your efforts. Presenting a clean and simple contract and taking on some of the fees may make your offer more appealing.

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Investing Real Estate HOA Sellers 36

Movoto

APRIL 30, 2024

Most areas with condo developments are usually subjected to homeowner association (HOA) management or something similar. Rent to Own Condo Contracts Before you transition to purchasing the property, you’ll need to sign a contract for the duration of your lease or rental agreement, much like any other rent to own home.

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Tenants Real Estate Contracts HOA 36

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

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Property Taxes Insurance Sellers Inspection 36

PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. Selling Before Buying Many home sellers opt to sell their current house before buying a new one.

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Real Estate Agent HOA Finance Real Estate 47

Listing Spark

JUNE 13, 2024

Benefits of FSBO Cost Savings : Avoid the traditional 6% commission fee, often split between buyer and seller agents. This means that FSBO sellers need to be particularly diligent in preparing their homes and pricing them correctly to attract serious buyers. First, let’s look at a few key points. to 3% of your home’s value.

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Realtors Open Houses Legal Real Estate Agent 36

Will Springer Realtor

NOVEMBER 10, 2023

That’s the fourth-highest number of residents of any state and it’s only expected to grow as HOAs become increasingly common. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

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HOA Buyers Law Supply Chain 36

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Details still need to be ironed out, but U.S.

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HOA Transportation Construction Buyers 36

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. Other home expenses, such as property taxes, utilities, homeowners insurance and often costly homeowners association (HOA) dues, will also continue until you sell.

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Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

MAY 9, 2022

The number of new and active listings (still on the market on May 1) is trending higher in King month-to-month, but since June 2021 Pending sales (homes going under contract) for all residential units in the county have declined compared to the same month the year before. UPDATE: This home is now under contract, pending inspection.

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Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. since May and down 22% YoY.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 12, 2021

This caused a good deal of uncertainty for all of us, including those new condo owners, many of whom attempted to back out of their contracts, put just-purchased homes on the market or listed them for rent. Since then, the HOA reversed course, lifting the rental cap, and Nexus is at about 51% owner occupancy. There is so much to love.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

APRIL 11, 2022

Interior work continues on lower floors and the sales team expects to begin closing on contracts within the month. Update: As we prepared to publish this month’s newsletter, the union representing some 300 concrete workers in our area agreed to return to work without a new contract. Then, I offer you this 2-bed, 2.5-bath

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Construction Development Inventory Buyers 36

Appraisal Buzz

AUGUST 6, 2024

Many of the people who are selling their homes now are moving elsewhere because they can no longer afford to live here given the rise in interest rates, housing prices, insurance costs and HOA fees for condo dwellers,” said Rafael Corrales, a Redfin Premier Agent in Miami. “A

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Insurance HOA Real Estate Agent Agents 243

Realtor

DECEMBER 7, 2019

Monopoly: Hasbro Concept: Greg Chow In a white-hot market, you may feel pressure to make some concessions to win over a seller—and, no, we’re not talking about sending a basket of banana-nut muffins. You want the house, and the seller doesn’t want any hiccups. But it isn’t something sellers or seller’s agents love. “I

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