Adding descriptive real estate words to your listings can help them stand out and generate more inquiries, leads, and make the sale faster. Use these words in both the interior and exterior listing description. To engage potential buyers with well-written listings, try using some of the best descriptive real estate words suggested below. Here are…
Closing Costs: Definition, Types & Average Amounts
Closing costs are the extra expenses that buyers and sellers pay on top of the purchase price at settlement of a real estate transaction. Closing costs include mortgage origination fees, discount points, appraisal fees, and more. Average closing costs on the median home sales price of $230,000 are 2 percent to 5 percent, or $4,600…
RESPA Violations: Definition, Examples & Penalties
RESPA (Real Estate Settlement Procedures Act) is a law passed by Congress in 1974 to curb unethical practices and consumer abuse in real estate settlement charges. Before RESPA, real estate professionals and closing service providers routinely abused consumers with unnecessary fees to close on their homes. RESPA requires servicers of home loans, mortgage brokers, or…