What does it really mean when the buyer asks a seller to pay closing costs?
Let's say that the buyer is putting in an offer on a $200,000 home and they are going to make a full-price offer and ask for the seller to contribute to the closing costs. A few things to consider is what is allowed with the loan product. Each loan is a bit different in what they allow. And this should be confirmed prior to submitting the offer with the loan officer.
But remember, that making a "full-price offer" and asking for closing cost is not a full-price offer. The reason for that is this—because the buyer is asking the seller to take a reduction in price so the buyer can finance their closing costs. This ends up meaning the seller really isn't paying the closing cost in the end. The buyer is paying their own closing costs by financin...
Wintry weather may still linger in New Hampshire, but the calendar says that spring—and the spring real estate season—is fast approaching. We've pulled together some exclusive Peabody & Smith resources especially for homebuyers and sellers in the White Mountains and Lakes Region.
In Northern and Central New Hampshire, we specialize in helping you sell your home, purchase a new one, or find that special vacation home. Whether it's a waterfront home on Squam Lake or a ski home at Bretton Woods, we are ready to help you.
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Staging details create a welcoming sanctuary in this Lake Winnipesaukee Adirondack-style home in Meredith, NH. This 5-bedroom home is set on 2.5 acres with easy access to New Hampshire's largest lake.[/caption]
In today's real estate market, home staging is a topic that gets plenty of attention. Search for the term on Google and you'll get over 11 million results.
Home staging involves making a house more appealing to potential homebuyers in order to sell at the best price.
Staging a home certainly can be effective selling strategy, and it's one that our agents recommend.
Your re...
You may have noticed the "alphabet soup" after some of our agent's names and wondered, "What do they mean?" Well, I did too when I first saw them. Each one is a different certification or designation the agent has achieved – classes or seminars and tests that was taken to further our skills as real estate professionals and members of the National Association of Realtors®.
Here are some of the designations I have and what they mean to me, and how they can help you:
ABR – Accredited Buyer Representative. This was a two-day class that helped to hone my skills in helping buyers navigate the process of purchasing real estate. To receive the designation I had to successfully represent 5 different buyers, complete 16 hours of class time and take additional certification classes. What this means... Have you found yourself wondering about the whole home buying process? You are not alone. It is an exciting process. And it's easy to get caught up in it. From my years working as a real estate Sales Associate for Peabody & Smith Realty, there are some do's and don'ts….