Friday, May 1, 2015

11 WAYS YOU'RE GIVING MONEY AWAY WHEN YOU BUY YOU HOUSE IN COLORADO SPRINGS CO.

Carrie Lukins, Sellstate Alliance Realty

719-651-2199

Mortgage lender Fannie Mae just made a move to make homeownership more affordable, and it's one of many things that can help you save some cash when buying a home. If you're not taking advantage of every money-saving opportunity out there - and there are a lot of them - you're just leaving money on the table.
1. Take advantage of new programs
The aforementioned Fannie Mae program "will now pay your closing costs, up to 3% of the price of the home—provided you take the mortgage giant's home-buyer counseling course first,"said Realtor.com. called the HomePath Ready Buyer program, it "allows first-time buyers (defined as those who have not owned a home in the past three years) to take an online course, get certified, and become eligible for what could amount to significant savings. For instance, on a $150,000 home, Fannie Mae could contribute up to $4,500 toward your closing costs—which typically range from 2.5% to 3% of a home's price."
2. Ask the seller to pay closing costs
In an appreciating market, you may have a hard time getting the seller to kick in—especially if they have other offers to consider. Make sure you ask your real estate agent for advice (and listen to it). You don't want to offend or amuse the seller into outright rejecting your offer.
3. Negotiate everything
Want the seller's refrigerator or dining room set? Ask for it. Could be that they're trying to get rid of them anyway   




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