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Call me for all your real estate needs @ 973-233-2040.
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Julie proved to be patient, honest, friendly, responsive, knowledgeable, and above all, very diligent and reliable. Todd & Shayle, Bloomfield NJ Read Quote > View All Quotes >
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Why Buyers Choose Me: Why homebuyers in the
Montclair, Upper Montclair, Bloomfield and West Orange area choose Julie Salmon as their
Realtor |
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Latest Listings: Get
Julie Salmon's latest Montclair, Upper Montclair, Bloomfield and West Orange listings of homes for sale
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Find Your Perfect Home: Julie Salmon will
search for your ideal home and email you the newest Montclair, Upper Montclair, Bloomfield and West Orange MLS
listings of properties in Essex County NJ |
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First Time Homebuyers: Are you a first time
homebuyer in Montclair, Upper Montclair, Bloomfield and West Orange, NJ? As a top Realtor,
Julie Salmon can guide your home buying search |
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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.
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What weighs 320 tons and is considered the largest single block building?
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Pyramid of Mycerinus (Third Pyramid) at El Gizeh, Egypt is the largest single block building and the world's oldest pyramid. |
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