|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 201-404-1972.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
"Working with you was a GREAT experience!!"
-Kevin Whiteside
Read Quote >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Stephanie Mallios
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Millburn/Short Hills, Maplewood and South Orange Information:
About Millburn/Short Hills, Maplewood and South Orange - Moving to Millburn/Short Hills, Maplewood and South Orange, New Jersey? Get info here... School Reports - Reports for Millburn/Short Hills, Maplewood and South Orange schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Millburn/Short Hills, Maplewood and South Orange, in Essex County NJ. Go to Main Sitemap - Main sitemap sections include Find Millburn/Short Hills, Maplewood and South Orange Homes, For Home Buyers, For Home Sellers, Millburn/Short Hills, Maplewood and South Orange Information, Real Estate Resources, and About Stephanie Mallios.
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 |
In what real estate market are more than 90 percent of home sales cash transactions?
|
| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
