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So, if you’re buying a primary residence for $310,000 with a conventional loan, and you’re putting down 12 percent, or $37,200, the seller can agree to pay for up to 6 percent of the purchase ...
Buying a home can be pricey in the Triangle. So can selling one. A new study offers breakdown (including Realtor fees) for NC. Take a look.
Commissions are paid at the closing, though, and sellers who use a real estate agent will have to pay their agent’s commission fee. This typically runs between 2.5 and 3 percent of the home’s ...
Buyers can use seller's points to pay for prepaid costs, mortgage interest or temporary rate buydowns. [3] This means that if you have money in savings that you must retain, you could ask the seller to pay for a 1 to 2 percent interest rate reduction for a year or prepay your interest, homeowner’s association fees or homeowner’s insurance for a set period.
The seller's expectation is that they will encourage larger orders, thus reducing billing, order filling, shipping, and sales personnel expenses. If a purchaser has to buy more than they need to secure a discount, we can distinguish between the surplus just not being used, or the surplus being a nuisance, e.g. because of having to carry a large ...
There is a secondary market for seller financed debt instruments. Many companies and investors look to purchase properly structured debt instruments as investments. The criteria for a typical, properly structure seller financed debt instrument would consist of an asset with a good collateralized equity position, an interest rate that is not underperforming the current rate environment, with a ...
Concessions: Many sellers agree to pay a portion of the buyer’s costs to sweeten the deal — for example, a seller may cover the cost of a needed repair discovered in the home inspection.
The North Carolina Department of Revenue was created in 1921 by the North Carolina General Assembly. The department is headed by a Secretary that is appointed by the Governor. The secretary is a member of the North Carolina Cabinet. Currently, the department is responsible for administering the collection of the North Carolina state income tax ...