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CLOSING COST CREDITS also known as SELLERS CONCESSIONS will become even more common!

Lamacchia Realty

Buyers , sellers , and sometimes even real estate agents get confused with how Closing Cost Credits or Sellers Concessions really work. Lately with all the real estate settlement talk they have often been referred to as Sellers Concessions. All mortgage companies and regulators put a stop to that in 2009.

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Tips for Buying and Selling a Home at the Same Time

PennyMac

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. Ask a real estate agent for their educated opinion on how much you may be able to sell your home for.