4 Beds. 3 Baths. 1,970 Sq. Ft. 3206 Willow Creek Rd, West Covina, CA 91791. West Covina Home for Sale: This beautiful single level home is located in the desirable quiet community of West Covina. Built in 1977, 3 bedrooms, including a huge master suite, 2 bathrooms.Estimated Home Sale Proceeds. Save $7,500 with a local Redfin Agent.*. * Fees subject to change, minimums apply. Buyer’s agent fee not included, e.g., if buyer’s agent fee is 2.5%, seller will pay a total fee of 3.5%. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing.Redfin Unlimited Liability Company (trade name, Redfin) is a licensed and registered real estate brokerage in British Columbia and Ontario only. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732 . Tampa Housing Market Trends. What is the housing market like in Tampa today? In July 2023, Tampa home prices were up 1.2% compared to last year, selling for a median price of $430K. On average, homes in Tampa sell after 18 days on the market compared to 11 days last year. There were 589 homes sold in July this year, down from 661 last year. The Las Vegas housing market is somewhat competitive. Homes in Las Vegas receive 2 offers on average and sell in around 36 days. The median sale price of a home in Las Vegas was $415K last month, down 2.4% since last year. The median sale price per square foot in Las Vegas is $247, down 1.6% since last year. Schools.If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'SThe Richmond housing market is most competitive. Homes in Richmond receive 5 offers on average and sell in around 11 days. The median sale price of a home in Richmond was $388K last month, up 12.3% since last year. The median sale price per square foot in Richmond is $234, up 4.7% since last year. Trends. Demand. Aug 30, 2023 · Redfin is one of the largest discount brokerage companies in the US. They offer sellers a 1.5% listing fee instead of the traditional 2.5% – 3% commission. Redfin also attracts buyers with their compelling rebates at closing. Redfin has another 1% listing fee alternative. If you sell and buy your home with a Redfin agent, you can avail of ... 4 Beds. 2.5 Baths. 1,974 Sq. Ft. 18 Fish Ave, Albertson, NY 11507. Listing by Redfin Real Estate. Long Island Home for Sale: 3 Bedroom, 2 Bath Ranch With Large Dining Room, Living Room, Kitchen, Master Bedroom With Master Bath. $599,990.On Redfin, you can search for homes for sale in a few different ways: by neighborhood, by city, by zip code, by MLS number, or even by drawing your own search. Clicking on the search box on Redfin.com will produce a drop-down menu with your most recent searches and any saved searches you may have. 4 Beds. 3 Baths. 1,970 Sq. Ft. 3206 Willow Creek Rd, West Covina, CA 91791. West Covina Home for Sale: This beautiful single level home is located in the desirable quiet community of West Covina. Built in 1977, 3 bedrooms, including a huge master suite, 2 bathrooms.The Redfin Corporation is a Seattle-based operator of a residential real estate brokerage. The company operates in more than 100 markets in the United States and Canada. [1] [self-published source] History Redfin was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger.The Chicago housing market is somewhat competitive. Homes in Chicago receive 3 offers on average and sell in around 55 days. The median sale price of a home in Chicago was $350K last month, down 1.4% since last year. The median sale price per square foot in Chicago is $255, up 0.4% since last year. Trends.The Detroit housing market is somewhat competitive. Homes in Detroit receive 2 offers on average and sell in around 34 days. The median sale price of a home in Detroit was $85K last month, down 11.5% since last year. The median sale price per square foot in Detroit is $69, up 0.0% since last year. Trends.Methodology. This analysis uses the Redfin Housing Value Index—a model that incorporates the Redfin Estimate, public records and MLS data to estimate the current and historical value of more than 85 million single-family homes, condos, townhouses and multifamily properties in the U.S.3 Baths. 1,418 Sq. Ft. 1955 S S St SE, Washington, DC 20020. (301) 459-5040. Washington, DC Home for Sale: Welcome to your dream home in the heart of Washington, DC! This exquisite Twin-style residence boasts 3 bedrooms and 2.5 bathrooms, offering the perfect blend of modern luxury and historic charm. Aug 30, 2023 · Redfin is one of the largest discount brokerage companies in the US. They offer sellers a 1.5% listing fee instead of the traditional 2.5% – 3% commission. Redfin also attracts buyers with their compelling rebates at closing. Redfin has another 1% listing fee alternative. If you sell and buy your home with a Redfin agent, you can avail of ... A “mortgage buydown” is a financing agreement where the buyer, seller, or builder will pay mortgage points, also known as discount points, at closing to obtain a lower interest rate. This one-time fee will cover the difference between the standard rate and the new rate.Redfin is a popular home search tool and discount real estate brokerage with licensed real estate agents who can help you buy or sell a home. Redfin’s primary offering is discounted services for home sellers. Sellers pay a 1.5% listing fee instead of the traditional 2.5–3%. The biggest potential trade-off is service.Search smarter. Filter by budget, location, pet policy, and more to find exactly what you’re looking for. Compare your favorites. Check out photos, review floor plans, or take a 3D tour to narrow down your top choices.Listing fee increased by 1% of sale price if buyer is unrepresented. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. We will charge a 1.5% listing fee, then send you a check for the 0.5% difference after you buy your next home with us. Learn more. **Per square foot, based on a 2021 ... Redfin and its affiliates may receive compensation if you contact a rental property or sign a lease. Photos, floor plans, and 3D tours may not be available on all rental listings. Property manager contact information provided strictly as a resource. Property managers are not guaranteed by or affiliated with Redfin. North Carolina Housing Market. Home prices in North-Carolina were up 4.4% year-over-year in July. At the same time, the number of homes sold fell 19.0% and the number of homes for sale fell 16.3%.This zone is specific to properties located near a river or stream. Areas in this zone still have a 1% chance of flooding each year with a 26% chance of flooding over the course of a 30-year mortgage. Flood depths range from 1 to 3 feet, resulting in Zone AO requiring flood insurance. AE, A1-A30.Salary + bonuses in first year at Redfin: $51,000. Expenses covered by Redfin: $14,000. Benefits paid by Redfin: $11,000. Total compensation in first year: $76,000. Total compensation in third year and beyond: $160,0003D WALKTHROUGH. $650,000. 3 Beds. 2 Baths. 2,061 Sq. Ft. 7110 Highland Heather Ln, Dallas, TX 75248. Dallas Home for Sale: Welcome home to this beautiful, well maintained property in the heart of Turtle Creek. This sixth floor condo provides beautiful views of downtown, Turtle Creek and Uptown over the treetops.There are currently 13,654 homes for sale in Kentucky. The median list price in Kentucky is $289,925 and the average price per square foot is $151. On Redfin, you can search for homes for sale in a few different ways: by neighborhood, by city, by zip code, by MLS number, or even by drawing your own search. Clicking on the search box on Redfin.com will produce a drop-down menu with your most recent searches and any saved searches you may have. There are currently 13,654 homes for sale in Kentucky. The median list price in Kentucky is $289,925 and the average price per square foot is $151.Cleveland Housing Market. The Cleveland housing market is somewhat competitive. Homes in Cleveland receive 3 offers on average and sell in around 22 days. The median sale price of a home in Cleveland was $117K last month, down 9.16% since last year. The median sale price per square foot in Cleveland is $90, up 4.0% since last year. Trends. Demand.Apr 26, 2023 · Redfin is a popular home search tool and discount real estate brokerage with licensed real estate agents who can help you buy or sell a home. Redfin’s primary offering is discounted services for home sellers. Sellers pay a 1.5% listing fee instead of the traditional 2.5–3%. The biggest potential trade-off is service. Redfin and its affiliates may receive compensation if you contact a rental property or sign a lease. Photos, floor plans, and 3D tours may not be available on all rental listings. Property manager contact information provided strictly as a resource. Property managers are not guaranteed by or affiliated with Redfin. How much is my house worth? Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos.MLS stands for multiple listing service. It is a database of homes for sale that is produced and maintained by real estate professionals to help their clients buy or sell property. Homes for sale on an MLS are called listings. The MLS listings typically include important property information, such as exterior and interior details, asking price ...5. List your home online. When you sell your own home, advertising is key. Find a few for sale by owner (FSBO) websites to list your home online. Websites like these typically charge a flat rate, plus the cost of additional services. You should also consider listing your home on the MLS. Texas Real Estate. There are currently 132,152 homes for sale in Texas. The median list price in Texas is $394,962 and the average price per square foot is $181. Texas Housing Market Insights.Mar 14, 2022 · A seller’s disclosure is a legal document protecting both the seller and the buyer. It protects the buyer by informing them of any issues or defects the home and surrounding property may have. It also safeguards the seller from being sued by the buyer after the transaction if the seller’s disclosure was completed correctly. It lost nearly 2,000 more people than it gained in 2021 and 2022—one of the biggest declines among the 306 counties Redfin analyzed. During the prior two years, it had a net outflow of 17,000—more than any other county Redfin analyzed. Redfin Chief Economist Daryl Fairweather has her own climate migration story. She left Seattle in 2020 to ...North Carolina Housing Market. Home prices in North-Carolina were up 4.4% year-over-year in July. At the same time, the number of homes sold fell 19.0% and the number of homes for sale fell 16.3%.A Zestimate is Zillow’s estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area.Redfin’s 1.5% listing fee is about half a traditional real estate agent’s. But as a seller, you should also plan to offer a buyer’s agent commission around the average rates in your area — typically 2.5–3% of the home’s sale price. This brings your total commission to 4–4.5%, compared to 5–6% with a traditional agent.Nov 29, 2021 · A half bath has two components or fixtures, typically one sink and one toilet. However, other layouts that could be considered half baths include one sink and one shower, one toilet and one shower, or one toilet and one bathtub. The average size of a half bath is 3-4 feet wide and 6-8 feet long, giving you a grand total of 18-24 square feet. North Carolina Housing Market. Home prices in North-Carolina were up 4.4% year-over-year in July. At the same time, the number of homes sold fell 19.0% and the number of homes for sale fell 16.3%.Here are five easy ways to get those real estate comps. 1. Use a reputable real estate website to find local comps. Comps are an essential part of listing your home and the home appraisal process. One way to find comps in your area is to use an established real estate listing website for your research. Redfin offers an easy way to identify ...Jul 24, 2023 · It lost nearly 2,000 more people than it gained in 2021 and 2022—one of the biggest declines among the 306 counties Redfin analyzed. During the prior two years, it had a net outflow of 17,000—more than any other county Redfin analyzed. Redfin Chief Economist Daryl Fairweather has her own climate migration story. She left Seattle in 2020 to ... A purchase and sale agreement, PSA or P&S for short, is the document received after mutual acceptance on an offer. It states the final sale price and all terms of the purchase in a real estate transaction. A PSA can vary by state. They typically consist of the final sale price, earnest money details, closing date, title information, and ...Jul 26, 2023 · Insurance adjusters and government officials will never ask for money, collect down payments, or charge a fee for their services. 9. Take care of your emotional health. Don’t neglect your emotional wellbeing in the wake of a flood. It’s normal to feel a variety of emotions, including sadness, frustration, and anxiety. What does this mean? The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $421,774. Location. Data. A home's status is changed to "Pending" or "Pending Offer" once it's set to close and all contingencies have been satisfied or waived. This is when the lender and the escrow agent or attorney process the loan and title documents to make sure the deal closes on time. Sometimes the sellers may still accept backup offers on pending listings, but ... The Detroit housing market is somewhat competitive. Homes in Detroit receive 2 offers on average and sell in around 34 days. The median sale price of a home in Detroit was $85K last month, down 11.5% since last year. The median sale price per square foot in Detroit is $69, up 0.0% since last year. Trends.The Richmond housing market is most competitive. Homes in Richmond receive 5 offers on average and sell in around 11 days. The median sale price of a home in Richmond was $388K last month, up 12.3% since last year. The median sale price per square foot in Richmond is $234, up 4.7% since last year. Trends. Demand.3D WALKTHROUGH. $650,000. 3 Beds. 2 Baths. 2,061 Sq. Ft. 7110 Highland Heather Ln, Dallas, TX 75248. Dallas Home for Sale: Welcome home to this beautiful, well maintained property in the heart of Turtle Creek. This sixth floor condo provides beautiful views of downtown, Turtle Creek and Uptown over the treetops.Redfin aims to give you an advantage by identifying Hot Homes ™ that are likely to sell quickly, so you know which homes to go see in person right away. A Hot Home is a home for sale that is expected to be among the most competitive homes on the market, according to the proprietary Redfin Hot Homes algorithm. The Hot Homes algorithm ... The Orlando housing market is very competitive. Homes in Orlando receive 3 offers on average and sell in around 18 days. The median sale price of a home in Orlando was $375K last month, up 0.5% since last year. The median sale price per square foot in Orlando is $232, down 0.22% since last year.Redfin Premier agents have years of experience buying and selling high-end homes. Get the highest level of service from our best agents.The Redfin Rental Estimate is an estimate of the fair market rental value of an individual home. Using up-to-date rental data, we look at similar properties currently listed for rent or that have recently been taken off the market. The Rental Estimate is for informational purposes only. A property’s unique condition, upgrades, and location ... The Arlington housing market is very competitive. Homes in Arlington receive 3 offers on average and sell in around 25 days. The median sale price of a home in Arlington was $732K last month, down 6.3% since last year. The median sale price per square foot in Arlington is $457, up 4.1% since last year. Trends.3012 Mcguffey Rd, Columbus, OH 43224. Jason Armstrong • e-Merge Real Estate, (614) 678-5505. Columbus Home for Sale: Prime location with this top floor, 1 bedroom condo at Victorian Gate. Across the street from Goodale Park this home also provides a birdseye view of Pride and Doodah Parades from the private balcony. 3D WALKTHROUGH. $650,000. 3 Beds. 2 Baths. 2,061 Sq. Ft. 7110 Highland Heather Ln, Dallas, TX 75248. Dallas Home for Sale: Welcome home to this beautiful, well maintained property in the heart of Turtle Creek. This sixth floor condo provides beautiful views of downtown, Turtle Creek and Uptown over the treetops. The Chicago housing market is somewhat competitive. Homes in Chicago receive 3 offers on average and sell in around 55 days. The median sale price of a home in Chicago was $350K last month, down 1.4% since last year. The median sale price per square foot in Chicago is $255, up 0.4% since last year. Trends.It lost nearly 2,000 more people than it gained in 2021 and 2022—one of the biggest declines among the 306 counties Redfin analyzed. During the prior two years, it had a net outflow of 17,000—more than any other county Redfin analyzed. Redfin Chief Economist Daryl Fairweather has her own climate migration story. She left Seattle in 2020 to ...271 E Bunnell Ave Homer AK 99603. 1522 Marion St NW Washington DC 20001. 38 School St Saint Johnsbury VT 05819. 10297 Old Valdez Trl Salcha AK 99714. 1477 Schoolhouse Rd Brownington VT 05860. 3286 ...Redfin Unlimited Liability Company (trade name, Redfin) is a licensed and registered real estate brokerage in British Columbia and Ontario only. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732 . On average, you can cover 300-square-feet of the bottom third of your home’s street-facing facade for about $11,000 and reap a whopping 91 percent ROI, according to Remodeling magazine’s 2022 Cost vs. Value Report.3 Beds. 3.5 Baths. 2,300 Sq. Ft. 2917 Pretty Lake Ave, Norfolk, VA 23518. Norfolk Home for Sale: Newer construction built in 2016 on old foundation. 3 bedrooms, 3 full baths, granite counter-top, stainless steel appliances, soft-close kitchen cabinets and drawers. A wonderful detached oversize garage.There are currently 13,654 homes for sale in Kentucky. The median list price in Kentucky is $289,925 and the average price per square foot is $151.If you're selling a home, you usually pay commission to both your listing agent and the buyer’s agent when your home sale closes. Here's how commission costs break down by home sale price with a total commission rate of 5%. Home Sale Price. 5% Real Estate Commission. $150,000.3 Beds. 3.5 Baths. 2,300 Sq. Ft. 2917 Pretty Lake Ave, Norfolk, VA 23518. Norfolk Home for Sale: Newer construction built in 2016 on old foundation. 3 bedrooms, 3 full baths, granite counter-top, stainless steel appliances, soft-close kitchen cabinets and drawers. A wonderful detached oversize garage.What is a Home Value Report? Prepared just for you by a Redfin Agent, your report will include our recommended selling price for your home based on local buyer demand, recent sales of similar homes, and our agent's expertise. Learn why our agents are different.If you're selling a home, you usually pay commission to both your listing agent and the buyer’s agent when your home sale closes. Here's how commission costs break down by home sale price with a total commission rate of 5%. Home Sale Price. 5% Real Estate Commission. $150,000.The Anaheim housing market is very competitive. Homes in Anaheim receive 5 offers on average and sell in around 27 days. The median sale price of a home in Anaheim was $845K last month, up 1.3% since last year. The median sale price per square foot in Anaheim is $555, up 1.3% since last year. Trends.Redfin is a popular home search tool and discount real estate brokerage with licensed real estate agents who can help you buy or sell a home. Redfin’s primary offering is discounted services for home sellers. Sellers pay a 1.5% listing fee instead of the traditional 2.5–3%. The biggest potential trade-off is service.Jan 12, 2023 · On average, you can cover 300-square-feet of the bottom third of your home’s street-facing facade for about $11,000 and reap a whopping 91 percent ROI, according to Remodeling magazine’s 2022 Cost vs. Value Report. On Redfin, you can search for homes for sale in a few different ways: by neighborhood, by city, by zip code, by MLS number, or even by drawing your own search. Clicking on the search box on Redfin.com will produce a drop-down menu with your most recent searches and any saved searches you may have. Redfin’s 1.5% listing fee is about half a traditional real estate agent’s. But as a seller, you should also plan to offer a buyer’s agent commission around the average rates in your area — typically 2.5–3% of the home’s sale price. This brings your total commission to 4–4.5%, compared to 5–6% with a traditional agent.Florida Housing Market. Home prices in Florida were up 1.6% year-over-year in July. At the same time, the number of homes sold fell 6.9% and the number of homes for sale fell 1.2%.Jan 26, 2022 · A purchase and sale agreement, PSA or P&S for short, is the document received after mutual acceptance on an offer. It states the final sale price and all terms of the purchase in a real estate transaction. A PSA can vary by state. They typically consist of the final sale price, earnest money details, closing date, title information, and ... The Richmond housing market is most competitive. Homes in Richmond receive 5 offers on average and sell in around 11 days. The median sale price of a home in Richmond was $388K last month, up 12.3% since last year. The median sale price per square foot in Richmond is $234, up 4.7% since last year. Trends. Demand.On average, you can cover 300-square-feet of the bottom third of your home’s street-facing facade for about $11,000 and reap a whopping 91 percent ROI, according to Remodeling magazine’s 2022 Cost vs. Value Report.Tampa Housing Market Trends. What is the housing market like in Tampa today? In July 2023, Tampa home prices were up 1.2% compared to last year, selling for a median price of $430K. On average, homes in Tampa sell after 18 days on the market compared to 11 days last year. There were 589 homes sold in July this year, down from 661 last year. The Arlington housing market is very competitive. Homes in Arlington receive 3 offers on average and sell in around 25 days. The median sale price of a home in Arlington was $732K last month, down 6.3% since last year. The median sale price per square foot in Arlington is $457, up 4.1% since last year. Trends.The Richmond housing market is most competitive. Homes in Richmond receive 5 offers on average and sell in around 11 days. The median sale price of a home in Richmond was $388K last month, up 12.3% since last year. The median sale price per square foot in Richmond is $234, up 4.7% since last year. Trends. Demand. 5. List your home online. When you sell your own home, advertising is key. Find a few for sale by owner (FSBO) websites to list your home online. Websites like these typically charge a flat rate, plus the cost of additional services. You should also consider listing your home on the MLS. On Redfin, you can search for homes for sale in a few different ways: by neighborhood, by city, by zip code, by MLS number, or even by drawing your own search. Clicking on the search box on Redfin.com will produce a drop-down menu with your most recent searches and any saved searches you may have. Affordable housing is housing that people can afford for 30% of their income or less, although this definition may be outdated as most people actually spend about 32% of their income on housing. Affordable housing is also colloquially used to refer to specific housing assistance programs.
3 Baths. 1,418 Sq. Ft. 1955 S S St SE, Washington, DC 20020. (301) 459-5040. Washington, DC Home for Sale: Welcome to your dream home in the heart of Washington, DC! This exquisite Twin-style residence boasts 3 bedrooms and 2.5 bathrooms, offering the perfect blend of modern luxury and historic charm.. Triveni express indian sweets and restaurant
About Compete Score. Compete Score rates how difficult it is to win a home in an area. Using a combination of proprietary Redfin data and data from local multiple listing services (MLS), Compete Score is primarily calculated based on four inputs: number of competing offers, waived contingencies, sale to list ratio, and number of days on market. 1.Listing fee increased by 1% of sale price if buyer is unrepresented. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. We will charge a 1.5% listing fee, then send you a check for the 0.5% difference after you buy your next home with us. Learn more. **Per square foot, based on a 2021 ... 3 Baths. 1,418 Sq. Ft. 1955 S S St SE, Washington, DC 20020. (301) 459-5040. Washington, DC Home for Sale: Welcome to your dream home in the heart of Washington, DC! This exquisite Twin-style residence boasts 3 bedrooms and 2.5 bathrooms, offering the perfect blend of modern luxury and historic charm. A Zestimate is Zillow’s estimated market value for a home, computed using a proprietary formula including public and user-submitted data, such as details about a home (bedrooms, bathrooms, home age, etc.), location, property tax assessment information and sales histories of the subject home as well as other homes that have recently sold in the area. The Frisco housing market is very competitive. Homes in Frisco receive 5 offers on average and sell in around 22 days. The median sale price of a home in Frisco was $708K last month, up 2.8% since last year. The median sale price per square foot in Frisco is $237, down 4.4% since last year. Trends. A purchase and sale agreement, PSA or P&S for short, is the document received after mutual acceptance on an offer. It states the final sale price and all terms of the purchase in a real estate transaction. A PSA can vary by state. They typically consist of the final sale price, earnest money details, closing date, title information, and ...Jul 24, 2023 · It lost nearly 2,000 more people than it gained in 2021 and 2022—one of the biggest declines among the 306 counties Redfin analyzed. During the prior two years, it had a net outflow of 17,000—more than any other county Redfin analyzed. Redfin Chief Economist Daryl Fairweather has her own climate migration story. She left Seattle in 2020 to ... 4,010 Sq. Ft. 1906 8th St, Brookhaven, GA 30341. Atlanta Home for Sale: Welcome to a meticulously maintained two-story Craftsman house in East Atlanta. With brand new paint and 10’+ ceilings on both floors, the open-concept design creates an airy ambiance, seamlessly connecting living, dining, and kitchen spaces. Listing fee increased by 1% of sale price if buyer is unrepresented. Sell for a 1% listing fee only if you also buy with Redfin within 365 days of closing on your Redfin listing. We will charge a 1.5% listing fee, then send you a check for the 0.5% difference after you buy your next home with us. Learn more. **Per square foot, based on a 2021 ... The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $499,800. Location. Data.Search smarter. Filter by budget, location, pet policy, and more to find exactly what you’re looking for. Compare your favorites. Check out photos, review floor plans, or take a 3D tour to narrow down your top choices.Definition of Sold. During a home search, it's important to look at the number of recently sold homes, as well as their price per square foot, to get a sense of the type of inventory that have recently sold in the area where you're looking. Doing a comparative market analysis of comparable homes that recently sold helps you determine fair ...Nov 29, 2022 · A “mortgage buydown” is a financing agreement where the buyer, seller, or builder will pay mortgage points, also known as discount points, at closing to obtain a lower interest rate. This one-time fee will cover the difference between the standard rate and the new rate. .