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Welcome > Sitemap > For Sellers ...
For Home Sellers:
Why Sellers Choose The Stuart Sinclair Team - Why home sellers in Bolton, Caledon and Brampton choose The Stuart Sinclair Team.
Property Valuation - How much is your Bolton, Caledon and Brampton home worth?
Free Presentation - Free in-home listings presentation on marketing your Bolton, Caledon and Brampton, in Caledon Region and Orangeville County Ontario property.
Go to Main Sitemap - Main sitemap sections include Find Bolton, Caledon and Brampton Homes, For Home Buyers, For Home Sellers, Bolton, Caledon and Brampton Information, Real Estate Resources, and About The Stuart Sinclair Team.
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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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Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
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| A |
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
See More Real Estate Trivia > |
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