Tag

Seller paid closing costs

Maximum Seller Contribution: Not Just 3% Anymore

“Your Mileage Points May Vary” Once upon a time, it was (fairly) safe to tell Buyers that the maximum contribution that a Seller could make toward the Buyer’s closing costs was 3%. No more. Here’s the current, updated “cheat sheet,” courtesy of Edina Mortgage’s Keith O’Brien: FHA is 6% regardless of down payment. Conventional is...
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Revisiting 1415 June Ave.

Want to Sell This One? Help Defray Property Taxes I originally posted about 1415 June Ave. — in Golden Valley’s South Tyrol Hills neighborhood — last Summer (“$700k Below Tax Value“). At the time, the asking price was $799,900 — against a tax assessed value of $1.504 million. Thanks to that latter number, the home...
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