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Tim Parham with Metropolitan National Bank
Tim Parham is one of the best lenders to work with in Northwest Arkansas.
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  • Why Sellers Choose Nicky Dou - Why home sellers in Fayetteville, Springdale and Bentonville choose Nicky Dou.

  • Free Presentation - Free in-home listings presentation on marketing your Fayetteville, Springdale and Bentonville, in Washington County Arkansas property.

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  • Go to Main Sitemap - Main sitemap sections include Find Fayetteville, Springdale and Bentonville Homes, For Home Buyers, For Home Sellers, Fayetteville, Springdale and Bentonville Information, Real Estate Resources, and About Nicky Dou.

 

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Real Estate Tips
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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Real Estate Trivia
Q 
What is the most common street name in the US?

A 
Second Street ranks as the most common street name. First Street is not #1 because many "First" streets are called "Main" Street.
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Nicky Dou, REALTOR®, real estate agent and broker for Fayetteville, Springdale and Bentonville, Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Nicky Dou - Serving Northwest Arkansas and You!
Century 21 Exclamation Realty

5206 Village Parkway, Suite 10
Rogers, AR 72758
Cell: 479.236.3457
Fax: 866-888-0955
Nicky@NickyDou.com

Nicky Dou is America's NUMBER1EXPERT in Northwest Arkansas. Nicky services Fayetteville, Bentonville, Rogers, Lowell, Springdale, Bella Vista, Beaver Lake, and surrounding areas in Northwest Arkansas. She continues to be at the top of sales in Arkansas and is a native to the area. Nicky is anything but ordinary when it comes to marketing a property. She is an out-of-the-box thinker and utilizes technology and creativity in everything she does. Nicky is in the top 1% of all Realtors in Northwest Arkansas and is the #1 Century 21 Agent in Arkansas! Nicky offers the highest level of service and dedication - Let Nicky make YOU her Number 1 Client in Arkansas! Nicky Dou, Sr. Vice President, Executive Broker Century 21 Exclamation Realty. ePRO, ecoBroker, AHS (Home Staging Specialist)

EcoBroker ePro Equal Housing MLS REALTOR


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