contract: How Much Can the Seller Pay of my Closing Costs??
- 04/27/11 10:43 AM
Many times I am asked by Buyers and Realtors "how much can the seller pay in closing costs"? It is good to know when negotiating on a home how much the seller can pay of your closing costs. This would make it easier for you to get into a home with less money needed. Here are the allowable amount that a seller can pay in closing costs per the different loan types. The % is based on the sales price. So if the seller can pay 3% in closing costs of a $100k sales price it would be, $3000 that the … (0 comments)
contract: FHA now accepts Electronic Signatures on Purchase Contracts(Docusign).
- 04/13/10 04:35 AM
FHA has announced that they now accept electronic signatures. So if you use(and Love) Docusign, FHA now accepts those contracts. This is great news and will save some trees. Please call me with any questions. … (0 comments)
contract: First Time Home Buyer Tax credit for Military members extended for a year!!!
- 03/25/10 07:33 AM
If you have any family members or friends who are in the military or a federal employee working outside the US may qualify for the first time home buyer tax credit. Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close … (0 comments)
Many times I am asked by Buyers and Realtors "how much can the seller pay in closing costs"? It is good to know when negotiating on a home how much the seller can pay of your closing costs. This would make it easier for you to get into a home with less money needed. Here are the allowable amount that a seller can pay in closing costs per the different loan types. The % is based on the sales price. So if the seller can pay 3% in closing costs of a $100k sales price it would be, $3000 that the … (0 comments)
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