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Cost of selling houses spirals up with prices
A Dallas market report shows the cost of selling through FHA backed loans rising. Lenders charge 3 to 5 percent brokerage fees plus 1 percent FHA overhead, while real estate boards set a 6 percent selling commission. Homeowners face taxes, title insurance, appraisals, and repairs before payment arrives, deterring some from selling despite FHA benefits for buyers.
MENTIONED IN THIS ARTICLE
Maude Thompson
FHA
E. J. Dee
Dallas Insuring Office
Congress
Dallas
Dallas Real Estate Board
Thompson
Banking and Currency “Committee
Jonn T. Sears
Southern Trust and Mortgage, Co
Dallas, & Major Lending Company