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"Honored to highly recommend you and your team"
"We want to take this opportunity to express to you how happy we are with how you found our dream home in Castle Rock!"
"Matt and Irini"
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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 |
How much does a celebrity's name boost the price of a property?
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| A |
Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
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Bob Maiocco
Keller Williams, The Maiocco Team, Inc.
6300 South Syracuse Way, #150
Greenwood Village, CO. 80111
Phone: 720-273-4262
Fax: 303-479-7532
Email: bobmaiocco@KW.com
Choosing the best real estate agent to represent you can be a daunting task. Most of us are at least friendly, and many are quite talented. I have an unyielding desire to fully understand your wants, needs, goals and limitations and also the resources to apply a working knowledge of your goals with a comprehensive knowledge of the market inventory and market conditions. I have dedicated my career to learning and developing systems to take in the entire picture, find the perfect homes, and secure the right property at the best possible terms.   
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