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WebDec 22, 2024 · For sellers, closing costs can add up to 8–10% of the home sale price — on top of repaying any debts or liens related to a property. Realtor commissions, which the seller typically pays and are split between the listing and buyer agents, can add up to 5.5–6%. Some sellers also cover the buyers’ closing costs, which can total 2–3%. WebNov 12, 2024 · Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac are long-standing mortgage programs created by Congress. The Federal Housing Finance Agency states that Fannie Mae was created in 1938 and Freddie Mac was created in 1970. “They don’t have their own mortgage but buy mortgages from other lenders in the secondary market,” … WebAug 17, 2024 · What it is: “A contingency in a deal means there’s something the buyer has to do for the process to go forward, like selling a property they already own,” says Jimmy … touristinformation kniebis