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Ask me any question about buying a home in Fort Leonard Wood, St. Robert and Waynesville. It's my job to help you! There's no obligation, and I promise to respond quickly... 
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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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| Q |
What area in the U.S. is known for its pre-civil war mansions?
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| A |
Natchez, Mississippi boasts over 500 pre-civil war-style mansions; many are open to the public as museums. |
 See More Real Estate Trivia > |
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Johna Walker
Walker Real Estate Team
920 Missouri Ave
St. Robert, MO 65584
573-842-WALK
Fax: 573-336-2041
573-336-2206
JohnaWalker@NUMBER1EXPERT.com
teamwalker@webound.com
An active duty military spouse with over twenty years of relocation experience to assist families relocating to the Ft. Leonard Wood area. Always training and always educating to stay at the top of the real estate industry to provide her clients with state of the art service to buy and sell their homes. Whether you're moving from Alaska, South Korea, or Kansas, she has truly "Walked in your shoes"    
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