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Whatcom County, Sudden Valley and Bellingham Information:
About Whatcom County - Moving to Whatcom County, Washington? Get info here...
About Sudden Valley - Moving to Sudden Valley, Washington? Get info here...
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Community Links & Resources - A list of helpful websites and resources with local information on Whatcom County, Sudden Valley, and Bellingham, Washington areas.
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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 |
What is the largest city square in the world?
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Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres. |
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Chris Weitzel & Associates RE/MAX Whatcom County 1937 Lake Whatcom Blvd Bellingham, WA 98229 Direct: (360) 312-5151 Toll Free: (888) 733-7518 Email: chrisweitzelandassoc@NUMBER1EXPERT.com
Chris Weitzel & Associates is the #1 Real Estate "Team" in Whatcom County and we have over a combined 65 years of experience. With a top listing agent, two buyer's agents, a marketing specialist and a transaction coordinator - we have all the professionals and tools to handle any real estate transaction.
We hope that you will choose Weitzel & Associates to represent you during your next real estate move in Whatcom County. 
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