|
MILITARY! Find out why we are the NUMBER ONE RELOCATION COMPANY in Fountain, Colo. Check out our Military Discounts! 888-901-2351
|
Get Free Presentation On Our Home Marketing.
Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Chuck Birger and Normandy
Stinnett are some of The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
Our Team Is On YOUR Side! As top REALTORSŪ, we do not work alone! We have a whole team of people working in your best interests. Meet our team. Please Sign Up For The Latest Listings and the Latest Real Estate News
|
First Time Buyers >The Seller May Pay
The costs of buying a home may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.
One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sales price if the buyer is putting five percent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items, such as prepaid taxes and the first month's mortgage payment, must be paid by the buyers. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar items.
Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood.
|
|
| Q |
What is the highest altitude hotel in the world?
|
| A |
The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
