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About Royal Hartwig - Information about Royal Hartwig of Schaumburg, Hoffman Estates and Elk Grove Village, Illinois Testimonials - Read what Royal Hartwig's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Illinois home buying & property selling information is guaranteed by Royal Hartwig. Privacy Guarantee - This Schaumburg, Hoffman Estates and Elk Grove Village real estate web site will respect your privacy, guaranteed by Royal Hartwig. No Obligation Guarantee - Royal Hartwig's real estate help by email is free & without obligation for Schaumburg, Hoffman Estates and Elk Grove Village home owners in Illinois. For Real Estate Agents - Let Royal Hartwig help you with your professional real estate broker and agent needs in the Schaumburg, Hoffman Estates and Elk Grove Village area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Royal Hartwig. Go to Main Sitemap - Main sitemap sections include Find Schaumburg, Hoffman Estates and Elk Grove Village Homes, For Home Buyers, For Home Sellers, Schaumburg, Hoffman Estates and Elk Grove Village Information, Real Estate Resources, and About Royal Hartwig. 
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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 are three of the best indicators of real estate market trends?
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| A |
Existing home sales, new home building and mortgage interest rates.
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