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Real Estate Tips

Financing Your Home >Who Pays the Points

When home buyers shop for financing, they must consider two important factors--the interest rate and the points. Each point is equal to one percent of the mortgage amount. If you are selling a home, the buyers may ask you to share the points with them.

The buyer usually pays the points. But if the offer is attractive and will give you the amount you want, paying one or more points might be a good idea. When a contract is presented, your real estate agent will go over the price and terms to help you calculate the net price you will receive. If the offer isn't strong enough or has risky contingencies, you might make a counter offer to increase your profit on the sale by eliminating the points from your selling costs or by increasing the price to help you absorb additional costs you will pay.

In some cases, buyers with limited cash may need some assistance from the sellers to make the transaction work. Your real estate agent will help you look at the total picture and the buyer's overall qualifications, so that you can make a decision based on the bottom line.

See All Tips In The "Financing Your Home" Category >
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Real Estate Trivia

Q 
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?

A 
The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
See More Real Estate Trivia >


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Bonnie Wolfe, REALTOR®, real estate agent and broker for Severna Park and Arnold, Maryland home listings, property and land for sale - NUMBER1EXPERT

Bonnie Wolfe
Coldwell Banker Residential Brokerage

572A Ritchie Hwy
Severna Park, MD. 21146
Phone: 410-647-0157
Fax: 410-544-8974
Contact Bonnie: severnaparkrealestate@NUMBER1EXPERT.com

Hello. I'm Bonnie Wolfe. Anne Arundel County is a beautiful place to live, and I would love to help you find a home, or sell your old home. Selling houses and helping people find homes they love means a great deal to me. This is why I am Coldwell Banker's top producer in Anne Arundel County. Top producer ranking is not the result of high pressure tactics. It results from matching the right buyer with the right house. In real estate, a bad realtor is actually more expensive than a good one. The commission is the same, but a poor realtor could put you in the wrong home which becomes an expensive mistake. So choose America's #1 Real Estate Expert™ for Anne Arundel County, and let me put you with the right home! Call or email me today!

Equal Housing REALTOR


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