|
MADE MOVE A PLEASURE
"Selling a home, and the moving process, can be very stressful. The Jana Caudill Team took the "hassle" out of the entire process - making my relocation/long distance move a pleasure."
"Diane Westphal"
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
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 four states in the Southwest are noted for having boundaries that touch.
|
| A |
New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries. |
 See More Real Estate Trivia > |
|
|
Wonder what your home is worth?
Click
here for a FREE On-Line Market Analysis |
Listen to my Real Estate Podcast
Get the lastest information on the Northwest Indiana real estate market.
Find Out More >
|
|
- NUMBER1EXPERTS™ 
