Swann Real Estate
  • Home
  • About
  • Search
    • Search Residential
    • Search Commercial
    • Search Rental
  • Sell
    • Sell Residential
    • Sell Commercial
  • Business Brokerage
    • Brick & Mortar Business Brokerage
    • Online Business Brokerage
  • Property Management
  • Blog
  • Contact

Real Estate Tips and Tricks.
We've got you covered.

Seller Credits or A Beautiful Mind?

6/8/2015

 
Picture
A Beautiful Mind...
Have you ever had a question about seller credits and ended up scribbling notes like Russell Crowe’s portrayal of John Nash in A Beautiful Mind?  We understand.

We often are asked this question by interested buyers.  When looking in a price range for a property, the amount of money necessary “to bring to the table” at closing remains important.  Outside of the financed amount for a property, a buyer needs to have the amount of the down payment and enough for the other closing costs to close the transaction.  These closing costs can differ, and a good lender should be able to provide an estimate detailing the costs.  We typically estimate these costs to be 3 to 4% of the purchase price.

To help offset these closing costs, a buyer can request a seller credit.  This credit reduces the amount due to the seller and credits that same amount to the buyer’s side of the closing statement (effectively offsetting a portion of the aforementioned closing costs).  But how?

Read More

Swann Real Estate

Swann Real Estate has been an established part of the local community since 1987.

Contact Us

Archives

August 2022
February 2022
January 2022
October 2021
July 2021
May 2021
March 2021
December 2020
October 2020
August 2020
July 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
June 2015
April 2015
March 2015

Categories

All
Business Brokerage
Commercial
Community
Community Spotlight
Educational
Featured Listings
Finance
Local News
Property Management
Residential

Have a question? We have an answer!

Click Here To Contact Us

We Promise:
Integrity

We promise to provide honest and accurate assessments of property values and current market conditions so that you can make informed decisions.

We Promise:
Responsibility

We promise to provide information to best position you in the marketplace and to treat all parties with respect and dignity throughout the entire process.

We Promise:
Persistence

We promise to keep you well informed and highly engaged during the process and to utilize all of our resources and energy to achieve your desired results.
Photo used under Creative Commons from sun dazed

Resources  |  p. 386-738-3688  |  f. 386-738-5788  |  Toll Free: 800-494-4687

share

© Swann Real Estate​  |  Website Design by New York Ave.

Swann Real Estate