|
All agents are NOT alike! Find out why I'm a top real estate agent. Call me and I will gladly provide you with references, 973-865-6416.
|
Request My Free Relocation Package!
Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate!
Find Out More >
View All Offers >
|
"Sharon is a true GEM!"
"Her dedication to finding you the right house, in the right place for the right budget is incomparable. "
The Webb Family, Atlanta, GA
Read Quote >
View All Quotes >
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
|
|
|
For Home Sellers:
Why Sellers Choose Sharon Vopal - Why home sellers in Chatham, Madison and Basking Ridge choose Sharon Vopal. Free Presentation - Free in-home listings presentation on marketing your Chatham, Madison and Basking Ridge, in Morris and Somerset County New Jersey property. Property Valuation - How much is your Chatham, Madison and Basking Ridge home worth? What Did That Home Sell For? - What did that Chatham, Madison and Basking Ridge, New Jersey property or other real estate sell for? FSBO - Selling your Chatham, Madison and Basking Ridge real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Chatham, Madison and Basking Ridge Homes, For Home Buyers, For Home Sellers, Chatham, Madison and Basking Ridge Information, Real Estate Resources, and About Sharon Vopal.
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 real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
|
| A |
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
