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How Home Buyers can Help Prevent Closing Delays

It takes about six weeks to close on a home in most areas of the country. Much of the reason is beyond a home buyer’s control; complex regulations, appraisal backlogs, and last-minute snags. Yet the most common reason for closing delays rests squarely on the home buyer.

National real estate statistics show that problems with home buyer financing account for 38% of all closing delays. This same problem accounts for 21% of all failed closings!

Nonprofit Exclusive Buyer Agent Organization Advises Home Buyers How to Comparison Shop Buyer Agent Fees, Commissions and Referrals

Most of the time, home buyers do not need to pay their agent a fee out-of-pocket since normally it is built-in to the price of the home, but that doesn’t mean the fee is unimportant.  The National Association of Exclusive Buyer Agents (NAEBA) offers the following shopping tips on fees, commissions and referrals for home buyers.

new home construction, buying from a home builder, exclusive buyer agent, home buying

Buying from a Home Builder? Hire an Exclusive Buyer Agent BEFORE Your First Visit

Buying a home from a builder is not necessarily easier or harder than buying from an individual home owner, but it is very different! This is because a builder constructs and sells multiple homes for a living, with no emotional attachment to any of them. National home building companies have sales and income targets to meet, and shareholders to please.

What Home Buyers Should Know About Interest Rates

While the Federal Reserve declined to raise its benchmark rate in September, a future rate hike seems likely this December. The last rate hike was in December 2015, when the benchmark moved up by one-quarter of a percentage point.

Most home buyers do not breathlessly follow economic news. Yet there are good reasons to pay attention to future announcements by the Federal Reserve. Here’s why!

How the Fed Works