Posts Tagged as closing

Can a Home Seller Really Pay the Buyers’ Closing Costs?

A home buyer called me last week about buying his first home. He saved up about $9,000 that he wanted to use for his downpayment and was so excited that he’s finally going to be a homeowner! His face dropped when I asked him if he had any money set aside for closing costs. He wasn’t aware that the closing costs alone on a home that he was hoping to buy would be in the $6,000 range. Closing costs are the costs associated with purchasing a home and include such things as the title, title insurance… Continue Reading Can a Home Seller Really Pay the Buyers’ Closing Costs?

Unknown Problems From the Past Can Ruin the Sale of Your Home

Image by A&A Design Build Remodeling, Inc. via Flickr

Recently, one of my buyers made an offer on a home — a beautiful 4,200 square foot home with a finished basement and built-in pool. But the sellers had a problem that could potentially derail the closing: the contractor who finished their basement 10 years ago never obtained the building permits for the basement. The seller’s were unaware of this but fortunately their smart agent took the initiative to verify with the building de… Continue Reading Unknown Problems From the Past Can Ruin the Sale of Your Home

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