buyers: Seller Subsidies - How They Help Buyers - 12/29/07 01:53 PM
I'm often asked how seller subsidies, (also known as “seller contributions” or “closing cost assistance,” work. When a buyer purchases a property, he can expect closing costs of about 3% of the transaction price. (This varies widely by jurisdiction—consult a local REALTOR for more details.) The closing costs are a combination … (0 comments)
buyers: Negotiating a December or January settlement in NoVA? - 11/19/07 04:29 PM
Then this post may save you a few hundred dollars in closing costs. Beginning January 1, 2008, the grantor's tax (charged to the seller) in certain Virginia localities will increase from $1 to $5 per $1000 in value (so on a $500,000 home, the seller will pay $2500 to the state, … (0 comments)
buyers: Arlington Condos: Bottomed Out in April 2007. Or maybe it was January. No wait... - 11/12/07 06:21 PM
As my clients know, I'm a "numbers person." It's the CPA in me. I love to sift through data, find trends, draw conclusions. I provide a monthly email update to my clients (see my website at www.katiewethman.com to sign up) that includes graphs of average sales prices for Arlington, DC, and … (5 comments)
buyers: DC Homebuyers - $5000 tax rebate! - 11/12/07 11:36 AM
Here's one more reason to buy now, at least in the District: For those that settle on a purchase in DC before December 31, you may get a $5000 credit (not a deduction--an actual dollar for dollar offset on money owed!) on your Federal Taxes. That's the same as Uncle Sam … (0 comments)
buyers: First Time Buyer Assistance Programs - 11/08/07 08:16 PM
Believe it or not, this is a perfect time to start planning for a home purchase in the spring, especially if you're a first time buyer. The reason I say that is that I find it takes most of my first time buyer clients at least 3 months from the time … (0 comments)
buyers: The Best Rent-vs-Buy Calculator - 05/07/07 11:11 AM
Thanks, Mary Ellen, for sharing this cool link with me: One of the best Rent vs. Buy calculators I've seen, especially for the visually-oriented and "what if" type of people:Rent vs. Buy Calculator :http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?ex=1178683200&en=2165805548a5d4ea&ei=5070 Check out the "Advanced Settings," especially on Buying, where you can enter such things as condo fees … (2 comments)
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I'm often asked how seller subsidies, (also known as “seller contributions” or “closing cost assistance,” work. When a buyer purchases a property, he can expect closing costs of about 3% of the transaction price. (This varies widely by jurisdiction—consult a local REALTOR for more details.) The closing costs are a combination … (0 comments)
