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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 
What is the earliest residential building that remains in Manhattan?

A 
Fraunces Tavern, built in 1719, is where George Washington delivered his Farewell Address to his officers in 1783.
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Fawn Brents, REALTOR®, real estate agent and broker for Lee's Summit, Raymore and Kansas City Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Kansas City Real Estate, Inc.
E-mail - infokansascityrealestate@gmail.com

14 SW 3rd St.
Lee's Summit, Missouri 64063
Office: 816.246.7700
FAX: 816.246.7701
Fawn Brents: 816.728.8688
John Brents: 816.830.9919
Jennifer Brents Dove: 816.260.8884

At Kansas City Real Estate, Inc., we know Kansas City! You can rely on our expertise and market knowledge to navigate you through the sale or purchase of a home. If you are a Seller, our proven marketing plan can help you sell your home in record time. And if you are a Buyer, all of our agents are can assist you in finding the Kansas City community that fits your lifestyle. Call...stop in...e-mail us today!

Fawn Brents, CIPS, ABR, SFR, GRI, CRS,CSP, e-PRO
fawn@kansascityrealestate.com
816.728.8688

John Brents, GRI
john@kansascityrealestate.com
816.830.9919

Jennifer Dove
jennifer@kansascityrealestate.com
816.260.8884,

Janet Wehmeir
janet@kansascityrealestate.com
816.718.7100

Keith Wehmeir
keith@kansascityrealestate.com
816.506.0000

Larena King
larena@kansascityrealestate.com
816.550.6987

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