Gorgeous real log and log siding home on nearly 2.5 acres near the George Washington National Forest, horse-back riding and ATV park!
MLS#: SH7247902 Click For More
Tax assessment is nearly $160,000 -- A BARGAIN AT THIS PRICE! Great opportunity for investor, first time buyer or downsizing!
MLS#: WR7278373 Click For More
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.
Who is "Freddie Mac", and why is he a big name in real estate?
A
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
Craig Alexander Weichert Realtors 824 John Marshall Highway Front Royal, Winchester, Strasburg and Luray, VA. 22630 Cellular: 540-671-6082 Home Office: 540-933-6964 Fax: 540-301-0791 Voice Mail: 540-635-1300 ext. 131 Email: craigalexander@NUMBER1EXPERT.com Email: craig@mris.com
Born and raised in the Front Royal area, I began practicing real estate in 1990. I offer a wealth of information about the area, including Front Royal, Warren County, Winchester, Frederick County, Flint Hill, Rappahannock County, Strasburg, Shenandoah County and Luray, Page County. A top producer in the region with over 450 closed transactions since 1997, I provide the best service possible to my customers and clients and have been recognized as one of the Top 5% Realtors nationwide for the past 7 years.
www.craigalexander.com
is brought to you by Craig Alexander
NUMBER1EXPERT in real estate for Front Royal, Winchester, Strasburg and Luray, Virginia
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