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pre-paid

“Seller-Paid Points,” Simply Explained

Of Apples and Houses One of the trickier concepts in residential real estate — especially for first-time home buyers — is seller-paid points. Think of it like this:  if you buy an apple from me, is there a difference between paying me 97¢, or paying $1 and getting back 3¢? Not to me — either way,...
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Why the Trulia’s and Zillow’s Are Off (Another) 3%

Omitting Seller-Paid Points Want to know why many real estate Web sites — never good at estimating home prices — are off by at least another 3% now? Because Seller-paid points are a fixture of many house deals these days, yet the government data that many real estate sites rely on don’t report that. Instead, Hennepin County and...
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