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Our Team is on your side! Our team consists of 2 buyer agents, Sherry and Alan, who work with our relocation clients in there move to the Orlando area. Our team also helps with financing, school information, job assistance and getting our clients comfortable with their new city. Other members of our team are Peter Darroch of Seminole Money Tree, Kurt Chana of KSC Mortgage Services, top notch Home and Termite Inspectors plus Renee Sowards and Carolyn Middleton of Thoroughbred Title for all of our closing needs. We also provide referrals to several Attorneys if needed on complex transactions or if legal assistance is needed.
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Closing or Settlement >Estimated Closing Costs
There is a federal law that requires mortgage lenders to give prospective buyers an itemized, "good-faith" estimate of their closing costs. Sometimes buyers arrive at the closing with this document in hand and proceed to question each item on the final closing statement that does not match the estimate exactly.
These "good-faith" estimates are just that--estimates. The lender's charges will be fairly accurate, but the charges for attorneys, termite inspections, title insurance, and other items that appear on the closing sheet may vary from the estimate. Some pro-rated items, such as taxes or homeowner's association fees, will also be different if you don't close on the date that was used to calculate the estimate. The purpose of the disclosure law is to give you a ball park figure of your closing costs. But the estimate you are given won't be to the penny--probably not even to the dollar!
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| Q |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
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| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
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