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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 ...
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.
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.
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.
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...
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 ...
Title-related fees: Home sellers in many areas are responsible for paying the costs of a title search and title insurance, ... for example. This practice, referred to as seller concessions, ...
The North Carolina End of Grade Tests are the standardized tests given to students in grades 3 to 8 in North Carolina. Beyond grade 8, there are End of Course Tests for students in grades 9 to 12. The EOG is given to test skills in mathematics, English, and science. Students in grades 3 to 8 must take the mathematics and English End of Grade Tests.