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Michelle Koch
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For Home Buyers:
Why Buyers Choose Michelle Koch - Why homebuyers looking for a real estate agent in the Cottonwood Heights, Salt Lake City and Sandy area choose Michelle Koch. Latest Listings - Get Michelle Koch's latest Cottonwood Heights, Salt Lake City and Sandy listings of homes for sale first! Find Your Perfect Home - Michelle Koch will search for your ideal home and email you the newest Cottonwood Heights, Salt Lake City and Sandy MLS listings of properties in Salt Lake County County UT. First Time Homebuyers - Are you a first time homebuyer in Cottonwood Heights, Salt Lake City and Sandy, UT? Choose a top real estate agent. Michelle Koch can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Cottonwood Heights, Salt Lake City and Sandy house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Cottonwood Heights, Salt Lake City and Sandy Homes, For Home Buyers, For Home Sellers, Cottonwood Heights, Salt Lake City and Sandy Information, Real Estate Resources, and About Michelle Koch. 
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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 |
What was considered the world's tallest building one hundred years ago?
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| A |
The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures. |
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