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Wednesday, May 05, 2010

Seller Assisted Stimulus Fund – Should You Use It?

I was reading an article this morning about RESPA (Real Estate Settlement Procedures Act) – OK, so it is not a best seller, however it is an important document if you are buying or selling a house.

RESPA regulates the real estate closing process (closing costs, consumer disclosures, etc). For those who really want to know RESPA this is your link!

As a seller you can expect to be asked about providing closing cost assistance. In this day of stimulus plans I call it "seller assisted stimulus monies!"

As a buyer, go ahead and request it...and remember, all is negotiable!  The seller may kick in a contribution but they may just lower the selling price.

When buying or selling, the key is to keep talking until you get a deal that makes everyone happy  satisfies both parties.  In this market sellers who sell usually do so because they negotiated something!

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.

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