 Do you really need a realtor when buying a home? |
| can I just go to the local bank and If I get preapproved go with the paper in search of my new home and show that to the people selling the home? what is the cons and pros of doing it on your own? ... |
|
 My name is on title and not the mortgage, if I move out what happens? |
| There are 3 of us, all "freinds", on the title but the mortgage only has one name on it. My "friends" are being dumb and I want out. If I move out what happens? Can I remove my ... |
|
 Hi, me and husband to be would like to buy are first home but we both have a bad credit rating? |
| we have a 20,000 deposit but do you think we will struggle to get a good mortgage any companys you could sugest for us ... |
|
 I want to be a real estate agent? |
| I am planning on taking the Century 21 course and I want to get a job with them right after. They have an immediate income preogram for new agents. I have 2 lil girls anda fiancee and I was told by ... |
|
 Housing benefit? |
This question is for people who have filled out the form. Is it possible to get housing benefit without the landlord knowing or being contacted, if so, how?
No private landlords seem to ... |
|
 I am 62,and have about £53,000 from the sale of my present house.? |
| I think in the area I want to live I will have to pay up to £100,000 for another one.I can get a mortgage ok,but as I am single,live alone,and have no-one to leave the house to,I do hate paying up ... |
|
 What factors decide the fall in real estate prices? |
| what are the factors that decide that the real estate prices will go up or they will fall ? Am intrested in knowing factors that rule the fal in real estate prices.... |
|
 How long do I wait for an answer? |
| My husband and I appiled for a modular home loan on monday and they said it will take about 2-3days I still havent heard anything either way. Should I wait one more day? My credit isnt the best and ... |
|
 Should I buy an investment property now or later? |
| I am located in Northern VA. I have 700 credit score. I want to buy a house and then put it on rent. Should I wait for the prices to go down more or no?... |
|
 Paying my rent late because of the holidays? |
| We just moved into a new house 2 mths ago and since it is the holidays would rather pay my rent on Jan 3rd instead of the 1st. I do have the money, but it would make it slightly easier to pay it on ... |
|
 Can a Landlord evict you without notice prior to your "intent to vacate" and then claim damages? |
| We had filed a 30-day notice for an intent to vacate a premise, with an agreement on the remainder of the rent. some 5 days before the notice date we get a phone call from them saying "The ... |
|
 What are good LEGAL reasons that can be given to a tenant if you decided NOT tor renew their lease? |
| Property is located in Chicago and wish not to renew lease of tenant. Rent is current. Previous issues with persons other than those listed on the lease residing in the apartment. Please Help!... |
|
 Is this legal!!?? |
| I work at a real estate agency and a closing is going down. The old lady signing her name doesnt even know whats going on!! She is talking about she cant control her hands and is falling asleep. She ... |
|
| If you own a piece of land, how far underground does it extend? |
Like if you were to build land in the city, they could probably put an underground railway through it without your knowlege or approval Im guessing.
Additional Details
I live in the UK, ... |
|
 Is it better to buy a home from the owner or go through a realtor? |
| My husband and I are thinking about buying our first home. Is it better to go thru a realtor or if the home is in real good condition, just go through the owner? Also, if we were to go with getting ... |
|
 First time buyers, nightmare?? |
| After looking into buying our first house found out repayments on a mortgage would be £750.00 a month on a average price house, so looks like going to stay renting... and maybe keep on renting to ... |
|
|  |
Sara | When selling your house who pays for closing costs? |
and approx.how much will it be
Additional Details
in SAN Jose, CA |
 |
 
A.Mercer
 |
The closing costs are normally paid by the buyer. Sometimes a seller will offer to pay them off. This gives extra incentive for someone to buy their house. Their approximate cost depends on how expensive the house is. |
|
bostonianinmo
 |
Each party has their own closing costs that they are responsible for. As a matter of practice though most items can be negotiated between the parties. |
|
bkwrm006
 |
Both the seller and the buyer have their own closing costs. Sometimes the seller will pay some of the buyer's closing costs. The costs are anywhere between 3% - 5% of the home purchase price. |
|
mscarriem
 |
there is actually closing costs for seller and the buyer. the seller pays escrow and title fees, and sometimes some tranfer fees. the buyer also pays. title and escrow fees and their own closing costs for the home loan if they do not pay cash. I am in california and can tell you alot of buyers now ask seller to contribute to their closing costs. basically lets say you are asking $400,000 for your home. they may offer you the $400,000 but ask you for 3% towards closing costs. so you will pay your closing costs as I explained above and credit the buyer $12,000 towards their costs. That is probaly a lot more then they will need. A good selling technique would be ask your price and state that it will include. $8,000 towards closing costs for a buyer. this is a great incentive and may help you sell your home |
|
Classy Granny
|
It's usually the buyer that pays closing, but can be the seller. I got the seller to pay when I bought my house and they agreed because they were anxious to sell. I cost depends on the price of the home. |
|
realestatelawyer
|
This varies by location. In some areas the seller pays all of the closing costs. In other areas the buyer pays all of the closing costs. And in many areas each party pays a portion of the costs.
Also, the closing costs are often negotiable. Even if it is not customary for the seller to pay in your area you may be able to negotiate that as part of your contract.
The amount of the closing costs varies by location as well. I often see closing costs ranging from 1% to 3% of the purchase price.
Try calling a realtor or real estate attorney in your area. They should be able to tell you what is customary there. |
|
Tim
 |
It really depends. In some areas of the country they are paid by the seller, others by the buyer. There can also be a split of the closing costs, this is something that can be negotiated.
Closing costs vary greatly, it would be best to contact a local escrow company or your realtor for a better idea. |
|
Your Maryland 'Net Realtor
|
There are settlement costs that are the responsibility of the buyer and costs that are the responsibility of the seller. Depending on how the contract is written ... usually based on the market conditions ... the buyer may request that the seller pay some or all of the buyer's closing costs. The seller is under no obligation to do that, though, and must consider that in conjunction with all of the other terms and conditions of the offers being reviewed.
The amount of closing costs varies from jurisdiction to jurisdiction and can be impacted by State transfer taxes, County transfer taxes, County recordation taxes, etc, as well as some of the costs that are charged to both buyer and seller. There will also be charges to the buyer for title insurance and lender fees. |
|
The Investor
 |
The seller pays for most of them.. Here in Colorado the buyer and seller Split the Real Estate Closing Fee's which are very minimum. If your the seller you would like to split everything, but that doesn't usually work..
Cheers |
|
REALTOR
|
In "normal" situation, a seller and a buyer pay for their own closing costs, BUT you can negotiate. It's not unusual for one party to pay the majority of cost or even all of it.
As for how much, there are a bunch of closing cost calculators on the net. Do a search for "Closing cost calculator." Keep in mind those calculators give you a general idea, not the exact amount. |
|
Carolinahomerates.com
 |
depends on the state.....most states have an excise tax for selling your home. You may have to pay for your own attorney.
Most sellers are paying up to 3% of the purchase price...to bring potential buyers to their homes |
|
newmexicorealestateforms
|
Despite the thinking, which is premised on custom not on law, that says that one party or the other will pay for all or certain closing costs, the truth is that by law all closing costs as to who pays for them are negotiable between the buyer and the seller and it's done by actual payment by one party of the cost or by one party giving credit to the other for that cost. Each state has different costs due to their economies and laws that might regulate certain of those costs.
Here is a link on what closing costs you can look forward to
The HUD-1 closing costs form explained: http://www.alta.org/consumer/hud1.cfm |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 19 minutes(s) ago
| | | |
12 | 40 minutes(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 5 hour(s) ago
| | | |
12 | 8 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 3 day(s) ago
| | | |
4 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
