Tag Archives: Closing Costs

Mortgage giants offering very low income homebuyers a spring break

By | | Uncategorized
Comments Off on Mortgage giants offering very low income homebuyers a spring break

Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. Continue reading →

Attorney title opinions could give title insurers a run for their money

By | | Uncategorized
Comments Off on Attorney title opinions could give title insurers a run for their money

SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Continue reading →

As mortgage lenders’ costs rise, so do homebuyers’ closing costs

By | | Uncategorized
Comments Off on As mortgage lenders’ costs rise, so do homebuyers’ closing costs

Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading →

CoreLogic to acquire automated closing costs firm ClosingCorp

By | | Uncategorized
Comments Off on CoreLogic to acquire automated closing costs firm ClosingCorp

The deal is expected to close in the third quarter if it receives regulatory approvals and meets “customary closing conditions.” Continue reading →

9 contract terms that win sellers over

By | | Uncategorized
Comments Off on 9 contract terms that win sellers over

In low-inventory, ultra-competitive markets like the one we’re currently experiencing, buyers and their agents are coming up with a host of creative contract terms to help sway sellers. Here are a few. Continue reading →

Buyers in bidding war? 15 tactics to help them stand out to a seller

By | | Uncategorized
Comments Off on Buyers in bidding war? 15 tactics to help them stand out to a seller

Although the real estate market is red-hot, we can improve our buyers’ odds by presenting a deal that directly helps the sellers. Addressing price, time, convenience and certainty can position our buyers to win the home, and building relationships with… Continue reading →

32% of first-time buyers get financial help from a relative or friend: NAR

By | | Uncategorized
Comments Off on 32% of first-time buyers get financial help from a relative or friend: NAR

Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey by the National Association of Realtors. Continue reading →

Why isn’t buying a house more like shopping at Amazon?

By | | Uncategorized
Comments Off on Why isn’t buying a house more like shopping at Amazon?

There’s no rhyme or reason in the world why the homebuying and selling process should be so archaic, inefficient and painful for consumers. Whoever can race to address these issues first will dominate the future of the real estate business. Continue reading →

Tech, teams and the total cost of competing

By | | Uncategorized
Comments Off on Tech, teams and the total cost of competing

On the heels of Inman Connect, I’ve never been more certain that big money is not the solution to simplifying the real estate ecosystem and improving the customer journey. The hostility between industry leaders is escalating. Continue reading →