A timeshare is a unique form of vacation property ownership that allows multiple individuals to share the use and costs of a property. Typically, a timeshare gives each owner the right to use the property for a specific period each year, often one week. In popular tourist destinations, timeshares are most commonly associated with resort […]
What Is a Timeshare and Is It Worth Buying? Read More »
A Real Estate Investment Trust, commonly known as a REIT (pronounced “reet”), is a company that owns, operates, or finances income-generating real estate. Modeled after mutual funds, REITs allow individuals to invest in a diversified portfolio of real estate assets without buying, managing, or financing properties themselves. This investment vehicle has become a popular way
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When navigating the complexities of the real estate market, especially as a homebuyer, the relationship you form with your real estate agent is crucial. One way to formalize this relationship is through a Buyer’s Agency Agreement. Understanding what this agreement entails, its benefits, and whether you should sign one is essential for making an informed
What Is a Buyer’s Agency Agreement and Should You Sign One? Read More »
A 1031 Exchange, named after Section 1031 of the U.S. Internal Revenue Code, is a powerful tool for real estate investors to defer capital gains taxes when selling one property and purchasing another. This tax-deferral strategy allows investors to reinvest the proceeds from the sale of a property into a new “like-kind” property, potentially increasing
Understanding 1031 Exchange: A Comprehensive Guide Read More »
When exploring housing options, you might encounter two popular choices: condos and townhouses. Both offer unique benefits and drawbacks, making it essential to understand their differences to choose the best fit for your lifestyle and needs. This article will delve into the critical aspects of condos and townhouses, comparing their features, advantages, and considerations. What
Condo vs. Townhouse: Understanding the Differences Read More »
successful. However, with so many agents, finding the best fit for your needs can take time and effort. This guide will walk you through the essential steps to find a real estate agent who aligns with your goals and preferences. Understand What You Need Before you start your search, it’s essential to understand what you
How to Find a Real Estate Agent: A Comprehensive Guide Read More »
When selling your home, choosing the right listing agent is one of the most critical decisions. This professional plays a pivotal role in the real estate transaction process, and understanding what a listing agent does and how they can benefit you can make a significant difference in the outcome of your sale. What Is a
What Is A Listing Agent And What Can The Right One Do For You? Read More »
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| Provider and Settlement Service | Charge or Range of Charges |
|---|---|
| Sonic Realty LLC | 1%-6% of purchase price |
| Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
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Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
| Provider and Settlement Service | Charge or Range of Charges |
|---|---|
| Appraisal Fee | $0-$800 |
| Credit Report Fee | $63-$125 |
