Deni nga l l a s pe c t soft hebuy i ngpr oc e s s .
A DJ US T A BL ERA T EMORT GA GE( A RM) — Thei nt er es tr at ei st i edt oaf i nanc i ali ndexmak i ngt hemont hl ymor t gage pay mentgoupordownov ert i me.
A NNUA LP E RCE NT A GERA T E( A P R) — Theper c entofi nt er es tt hatwi l lbec har gedonahomel oan. A P P RA I S A L— Ar epor thi ghl i ght i ngt hees t i mat edv al ueoft hepr oper t yc ompl et edbyaqual i f i ed3r dpar t y . Thi si st y pi c al l ydonef ort hebenef i toft hebuy ert oens ur et hepr oper t yi swor t hwhatt heyar epay i ng.
A S S OCI A T I ONF E E / HOAF E E— I naddi t i ont oamor t gage,c er t ai nhous i ngc ommuni t i ess uc hast ownhomeshav e amont hl yf eeas s oc i at edwi t hmai nt ai ni ngt hec ommonar easandameni t i es .
BA L L OONMORT GA GE— Al ongt er m mor t gagel oant hats t ar t ss mal lbuthasal ar gepay mentdueatmat ur i t y . CL OS I NG— Thi si st hef i nalmeet i ngwher et hebuy erands el l ers i gnt henec es s ar ypaper wor k ,c ompl et et he t r ans ac t i on,andr el eas e/ t ak epos s es s i onoft hepr oper t y .Us ual l yt her epr es ent i ngagent sandat t or ney s at t end.
CL OS I NGCOS T S— Thebuyerands el l erhav eex pens esas s oc i at edwi t ht het r ans ac t i onot hert hant hatoft he ac t ualc os toft hehome.Forex ampl e,t hebuy erhasav ar i et yoff eesduef orobt ai ni nganewl oan.
CL OS I NGDI S CL OS URE— Af or mt hatpr ov i dest hef i naldet ai l saboutt hemor t gagel oan.I ti nc l udesl oant er ms , pr oj ec t edmont hl ypay ment s ,andhowmuc ht heex t r af eeswi l lbe.
COL L A T E RA L— Somet hi ngofv al ue( i nt hi sc as ey ourhome)t hati shel dt oens ur er epay mentofamor t gageor l oan.
COMMI S S I ON— Aper c ent ageoft hehome' ss al epr i c et hati spai dt oy ouragent .Y ouandy ouragentwi l l di s c us sandagr eeont hepay mentt er ms .
COMP A RA BL E S— Homesi nt hear eaofi nt er es tt hathav er ec ent l ys ol dt hathav es i mi l arf eat ur es . CONT I NGE NCI E S— Condi t i onswhi c hmus tbemeti nor dert oc l os e.Cont i ngenc i esar et y pi c al l yt i edt oadat e, r ef er r edt oasadeadl i ne.I ft hec ont i ngenc yi snots at i s f i edt hec ont r ac tmaybec anc el ed.
COUNT E ROF F E R— Ther es pons ef r om t hes el l eri nr egar dt oanof f er . DE BTT OI NCOMERA T I O— Al enderwi l ll ookatabor r ower ’ sdebtv er s usi nc omet odet er mi net heamountof l oant heyar eel i gi bl ef orandi ft heyc anr epayt hei rdebtpl ust hehomel oan.
DOWNP A Y ME NT— Aper c entoft hec os toft hepr oper t yt hati spai dupf r ontasapar toft hemor t gage. E A RNE S TMONE Y— Thedepos i tmadef r om t hebuy ert ot hes el l erwhens ubmi t t i nganof f er .Thi sdepos i ti s
t y pi c al l yhel di nt r us tbyat hi r dpar t y .Uponc l os i ngt hemoneywi l lgener al l ybeappl i edt ot hedownpay ment orc l os i ngc os t .
E S CROW— Thi st er m hasmul t i pl emeani ngs ;ear nes tmoneyi st y pi c alhel dbyat hi r dpar t yunt i lc l os i ngi n
“es c r ow”.I tc anal s ober ef er r edt oast het i meper i odf r om whent hec ont r ac ti swr i t t enandac c ept edbyt he s el l ert owhent hehomes al eac t ual l yc l os es .
E QUI T Y— Thedi f f er enc ei nt hemar k etv al ueofahomev er s uswhati sowedont hehome.
VE RMONTS E RVI CEP ROVI DE RS Conne c twi t ha r e apr of e s s i ona l s .
A P P RA I S E RS
CHI MNE Y S
Gr e e nMount a i n Va l ua t i ons ( 802)6584444 i nf o@gmv al uat i ons . c om
Br i c kLi ne r s Chi mne ySe r vi c e s ( 802)8720123 br i c k l i ner s . c om
Cha mpl a i nVa l l e yAppr a i s a l Se r vi c e s ( 802)8810622 Vt appr ai s er 1@gmai l . c om
Abbot t& Da r t t Appr a i s a l Se r vi c e s ( 802)8793700 abbt dr t t @t oget her . net
BA S E ME NT S Tr i St a t eBa s e me nt Sy s t e ms ( 802)4980806 gener al @t r i s t at ebas ement s . c om
CL E A NE RS Li me Ma i ds Cl e a ni ngSe r vi c e s ( 802)8270971 s uppor t @l i memai ds . c om
TheMa i ds HomeSe r vi c e s ( 802)6522402 mai ds . c om
CONS T RUCT I ON Conc e ptCus t om Home s ( 802)5788885
E L E CT RI CA L Pe t e rLa Fr e ni e r e El e c t r i c ( 802)3186598 l af r eni er eel ec t r i c v t @gmai l . c om
Cha dRi l e y El e c t r i c ( 802)3243603 c hadamy er i c @gmai l . c om
Cur r e nt El e c t r i c ( 802)3180440 k endr i c k @c ur r ent el ec t r i c v t . c om
F L OORI NG Fl oorCov e r i ng s I nt e r na t i ona l ( 802)8919264 k y l e@v er mont f c i . c om
i nf o@c onc ept c h. c om
Gr e e nMount a i nBa s e me nt Sol ut i ons ( 802)8810624 i nf o@gr eenmount ai nbas ement s ol ut i ons . c om
Fl oor i ng 3 6 0 ( 802)7358726 mi k e@f l oor i ng360v t . c om
8023992860 F l e x Re a l t y . c om 19Roos e v e l tHwyS t e# 100 Col c he s t e r , VT05446
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