I have enjoyed the waterfront lifestyle my entire life, which gives me a great respect and understanding of the many area lakes. With over 20 years of sales experience, many of them in outside sales, I'm very familiar with the entire south central region of Michigan; and the unique properties it contains! I pride myself in being a multi-million dollar sales producer since my first year in real estate. I empathize with the fact that buying or selling a home can be one of the most stressful times in your life, and I want my clients to know that I am here to ease the transition! I will satisfy all your needs and wants. I'm here to assist you in any way I can!
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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 five basic components of a "smart home" can be controlled by technology?
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| A |
Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home". |
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- NUMBER1EXPERT™ 
