I have this awesome story about a first time homebuyer! They just purchased a home that qualifies for USDA financing, which means 100% financing. They wrote an offer on a property yesterday, and we got the sellers to pay 6% towards the buyer's closing costs. The buyer's only have to put $1,000 into the deal, and then in 3 weeks the buyer wil receive their $8,000 tax credit. Therefore, if you take the $8,000 that the government is giving them, minus the $1,000 they need to spend, the buyers are getting paid $7,000 to purchase a home right now. Crazy, isn't it???
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