Taking a look at what homes in your neighborhood have sold for is a great way to educate yourself on the marketplace. We can give you access to a FREE list of Home Sales and Current Listings in any area. If you would like a Free list of Home Sales and Current Listings in your area just fill out the information below and a list will be sent to you with no obligation. Please Leave your Address and also give us the names of any streets that you would like information on by entering that in the box at the bottom called "Additional Info" 
Closing or Settlement >The Good Faith Estimate
When you buy a home, you will pay "closing costs" in addition to the down payment. These costs include the "points" you pay on your mortgage loan, title and hazard insurance, the title search, legal fees, and other charges imposed by the lender. These charges vary by state and county, but they usually represent a considerable amount of money.
Your real estate agent can tell you about the closing costs in your area. Ask your agent for some general figures when you begin your search for a new home, and use this information as a guideline. When you apply for your loan, the lender is required to provide you with a "good faith" estimate of the closing costs. The lender's good faith estimate is usually close to the actual amount, since the sales contract will have the price and terms of your new home spelled out. As the closing approaches, your real estate agent will give you a final figure for the check that you will bring to the closing table.
|
| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
|
| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
See More Real Estate Trivia > |
|
|
|