#USHouseMarketStructureDraft

#USHouseMarketStructureDraft Explained (Point to Point in ~100 words):

Listing – Sellers list homes via MLS (Multiple Listing Service).

Agents – Real estate agents represent buyers/sellers.

Commissions – Typically 5–6% split between agents.

Offers – Buyers submit offers through agents.

Escrow – Accepted offers enter escrow (third-party holds funds).

Appraisal – Lender requires home value check.

Inspection – Buyers inspect for issues or risks.

Financing – Most buyers use mortgage loans.

Closing – Final paperwork and payments completed.

Ownership Transfer – Title officially transfers to buyer.

Want a diagram to go with this?