THE KEVIN GALLAGHER TEAM offers Free In-Home Presentations  Call us today to request your free in-home presentation to discuss the marketing and sale of your home. Our formal listing presentation will include a CMA, Comparative Market Analysis, which will compare your home to others like it that have recently sold or are currently for sale in Ridley Park, Media, West Chester or other areas of Delaware and Chester Counties. It would be our pleasure to meet with you to walk through your home and discuss our extensive marketing, print and web advertising programs and show you exactly how THE KEVIN GALLAGHER TEAM proposes to bring results. Together we will develop a program that meets your needs and considers your goals and expectations. We have made hundreds of in-home presentations and would welcome the opportunity to put our experience and knowledge to work for you. Call us today at 610-675-7100 for your free, no-obligation presentation or complete the following form and we will get back to you quickly. PLEASE COMPLETE THE FOLLOWING INFORMATION TO REQUEST YOUR FREE, IN-HOME PRESENTATION:
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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 |
Who is "Fannie Mae" and why is she a big name in real estate?
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| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
 See More Real Estate Trivia > |
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Kevin Gallagher Team Members
Include:
Kevin Gallagher, REALTOR/ Associate Broker
REALTOR:
Dan Hilferty
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- NUMBER1EXPERTS™ 
