Do You Have a Real Estate Related Question? I Will Email You an Answer Quickly. As a top Lake Conroe, Conroe and The Woodlands real estate expert, it's my job to help! Please take advantage of my experience and knowledge. Ask me anything about: - Any particular home that is or was on the market. - Neighborhoods and local market trends. - Local demographics and the economy. - Tricks and traps when buying real estate in this area. - Special tax considerations regarding real estate. - Specific questions about contracts, escrow, and closings. - Anything real estate! It's my job to know EVERYTHING about real estate! Ask me anything. There are no dumb questions! It's FREE, and I promise to get back to you quickly... 
 |
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.
|
|
| Q |
What unique type of home is making news as an affordable, environmentally-friendly housing alternative?
|
| A |
Straw bale homes may well become the non-toxic, affordable home of choice in the future. |
 See More Real Estate Trivia > |
|
|
Pat Wilson-Thomas, CRS
Elite Real Estate Professionals
12818 Hwy 105 W Suite 2 - J
Conroe, TX 77304
Direct: 936-524-0009
Office: 936-524-0009
Fax: 936-647-2749
Email: PatWilson@NUMBER1EXPERT.com
Pat Wilson - Thomas, CRS is the NUMBER1EXPERT™ in the Lake Conroe area. She has a proven track record that few agents can match! She brings Knowledge, Commitment, and Trust that surpasses the normal Realtor. Pat Wilson is a professional that has your best interest in mind.    
www.PatWilsonSellsLakeConroe.com is brought to you by
Pat Wilson-Thomas
NUMBER1EXPERT™ in real estate for
Lake Conroe, Conroe and The Woodlands, Texas Read Pat Wilson-Thomas'
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
