|
|
|
 |
Hear what a few of our homeowners have to say...
Read Quote >
|
|
 |
|
About Donna Cohen:
About Donna Cohen - Information about Donna Cohen of Ellicott City, Elkridge and Clarksville, Maryland Testimonials - Read what Donna Cohen's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Maryland home buying & property selling information is guaranteed by Donna Cohen. Privacy Guarantee - This Ellicott City, Elkridge and Clarksville real estate web site will respect your privacy, guaranteed by Donna Cohen. No Obligation Guarantee - Donna Cohen's real estate help by email is free & without obligation for Ellicott City, Elkridge and Clarksville home owners in Maryland. For Real Estate Agents - Let Donna Cohen help you with your professional real estate broker and agent needs in the Ellicott City, Elkridge and Clarksville area. About NUMBER1EXPERTS - NUMBER1EXPERTS are top real estate professionals, find out more. Contact Information - How to contact Donna Cohen. Go to Main Sitemap - Main sitemap sections include Find Ellicott City, Elkridge and Clarksville Homes, For Home Buyers, For Home Sellers, Ellicott City, Elkridge and Clarksville Information, Real Estate Resources, and About Donna Cohen. 
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.
|
|
| Q |
Where was the famous final airport scene in the 1942 classic "Casablanca" filmed?
|
| A |
The scene where Humphrey Bogart says goodbye to Ingrid Bergman was actually shot on the east side of the Van Nuys Airport. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT® 
