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		Burchell (Keller Williams Realty Plano): Real Estate Agent in Frisco, TX

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Real Estate Tips
Financing Your Home >Who Pays the Points

When home buyers shop for financing, they must consider two important factors--the interest rate and the points. Each point is equal to one percent of the mortgage amount. If you are selling a home, the buyers may ask you to share the points with them.

The buyer usually pays the points. But if the offer is attractive and will give you the amount you want, paying one or more points might be a good idea. When a contract is presented, your real estate agent will go over the price and terms to help you calculate the net price you will receive. If the offer isn't strong enough or has risky contingencies, you might make a counter offer to increase your profit on the sale by eliminating the points from your selling costs or by increasing the price to help you absorb additional costs you will pay.

In some cases, buyers with limited cash may need some assistance from the sellers to make the transaction work. Your real estate agent will help you look at the total picture and the buyer's overall qualifications, so that you can make a decision based on the bottom line.

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Real Estate Trivia
Q 
Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?

A 
The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919.
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Rene Burchell, REALTOR®, real estate agent and broker for Dallas, Frisco and Plano, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Rene Burchell
Keller Williams Realty Plano

3600 Preston Rd. #100
Plano, TX 75093
Direct: 469-877-3303
Office Phone: 972-665-2803
Voicemail: 972-665-2882
Office Fax: 888-341-8050
Rene@ReneBurchell.com

Satisfied clients are the key to my success! My satisfied clients are my best resource for new business. In this very competitive business of real estate, service makes the difference. My service is second to none and has earned me a valuable source of referrals. I will listen to your needs and want to establish our goals and objectives. We work as a team to meet our goals and you will continually be in the loop during the entire process. In this fast paced market, I believe communication is key! If you are considering a real estate professional, please give me an opportunity to earn your business. I am confident you will be very happy! Bookmark and Share

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