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Both buyers and sellers should ask specific questions related to their needs, such as marketing strategies for sellers and bidding war strategies for buyers. Buying or selling a home is one of the ...
Depending on the specifics of your transaction, that fee may be paid either by you or by the seller. Here are 12 essential questions to ask a Realtor when buying a house, from hiring them all the ...
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.
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 ...
But, as a rough estimate, you might pay around $2,023 per month (prior to any applicable taxes, fees, and insurance being added on) if you put down $80,000 and borrowed $320,000 at a 6.5% interest ...
PMI increases your monthly mortgage payment by about $30 to $70 for every $100,000 you finance, and you must pay it until you owe less than 80% of the home’s value.
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