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Outstanding Service
The most outstanding service I have ever received from any business. Both during and after my home purchase…was always there to assist and respond. They utilize all the communication tools available, and quickly and concisely addressed all my questions and concerns. I ultimately ended up in the home of my desires, to which I can only thank them for. They earn their business the old fashioned, hard-working way!
Dave McQueen
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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.
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| Q |
What is a Buyer Broker?
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| A |
A buyer broker represents buyers, helping them to find the best property and negotiate the best purchase price and terms.
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