Find Lexington, Rockbridge and Shenandoah Valley Homes:
Feature Homes - Homes for sale, listings, properties, & other real estate in Lexington, Rockbridge and Shenandoah Valley and Virginia with virtual tours, photos, and more. Serving County Real Estate. Search All Local Listings - Search all Lexington, Rockbridge and Shenandoah Valley area MLS listings in Virginia from real estate brokers. Roanoke MLS - Search Roanoke area MLS listings in Virginia from real estate brokers. Staunton - Augusta MLS - Search Staunton and Augusta area MLS listings in Virginia from real estate brokers. National Listings Databases - Homes for sale in national American USA web site listings databases of properties. New Construction - New homes for sale, new construction and newly built properties and real estate subdivisions Unique & Luxury Homes - Home buyers, find luxury homes, real estate, beach front properties, mansions, & acreage/land for sale on these top national & international listings web sites. International Properties - Find international homes for sale on these international/global real estate web sites from Canada, Europe, France, Germany, UK, Great Britain, Spain, Italy, Asia, Africa, and beyond. Search ALL the Experts' Homes - Search the best local homes for sale from all the real estate experts, agents, REALTORS®, and brokers. Go to Main Sitemap - Main sitemap sections include Find Lexington, Rockbridge and Shenandoah Valley Homes, For Home Buyers, For Home Sellers, Lexington, Rockbridge and Shenandoah Valley Information, Real Estate Resources, and About The Volpe Team. 
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.
|
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
