Coldwell Banker Sea Coast Advantage Blog

What is Included in the Closing Costs?

Posted by Coldwell Banker Sea Coast Advantage on February 02, 2014 in  buying a home  closing costs  home buyer  home closing  home mortgages  mortgage costs  settlement costs
When you obtain a mortgage, you need to pay fees - charged by lenders and third parties – related to the purchase of the home. These fees are called closing costs and are included on top of the cost of the home and down payment. Here is a list of common closings costs: Credit Report Processing Fee Loan Origination Fee (for processing loan paperwork) Costs of Inspections (Termite, Home, etc.) Appraisal Fee Survey Fee Property Taxes Private Mortgage Insurance Prepaid Interest Prepaid Insurance Discount Points... read more

What Determines My Home’s Value?

Posted by Coldwell Banker Sea Coast Advantage on February 11, 2014 in  choosing listing price  CMA  Comparative Market Analysis  fair market value  home value  tax assessed value
What determines my home’s value?...This is a common question that Realtors® receive from sellers. Often, sellers confuse a home’s tax assessed value (what they see on their tax bill) with the fair market value, the amount a home will sell for when the property has been exposed to a reasonable amount of buyers in a competitive market for a reasonable amount of time. In actuality, the tax value is based on a formula used by county tax assessors. They take what they believe is the fair market value of ... read more

What are Seller Concessions?

Posted by Coldwell Banker Sea Coast Advantage on February 02, 2014 in  appraisal  closing costs  financing a home  home buyers  home settlement  mortgage  seller concessions  seller net proceeds
When a buyer purchases a home with a mortgage, they are required to pay a certain amount of closing costs on top of the actual purchase price of the home. Some buyers discover during their home hunt that they have enough money saved for a down payment, but not for the closing costs. Rather than wait to save more money to purchase a home, they’ll request the seller to pay these closing costs. This monetary contribution is called a seller concession or seller contribution and is only applied to closing costs. W... read more
In North Carolina, home sellers aren’t required to be present at the attorney’s office on the day of closing. Most of their paperwork is done ahead of time. However, on the day of closing or the day before, they need to sign-off on the HUD form, which shows all the details of how the funds are being paid. They can stop by the attorney’s office once the form is prepared or sign the required documents remotely (depending on transaction requirements). Even though they aren’t required to be at c... read more

Realtor Jessica Edwards to Walk the Red Carpet at This Weekend's Oscars

Posted by Coldwell Banker Sea Coast Advantage on February 26, 2014 in  Academy Awards  Coldwell Banker
Jessica Edwards, a 32-year-old REALTOR with Coldwell Banker Sea Coast Advantage, keeps pinching herself to make sure it’s real. She’s going to this weekend’s Oscar awards in Los Angeles, courtesy of Coldwell Banker Corporate! Since 2011, Edwards has served as an ambassador for the corporate office as the Coldwell Banker Real Estate Consumer Specialist. In this position, she has spoken at seminars and conferences throughout the US about her maverick marketing strategies that utilize video blogs, so... read more

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