Buyers who cannot afford the price simply won't look. Simply, this exercise subtracts anticipated charges paid by the seller from the sales price. No sale can be completed without financing. That is why it is generally to the home seller's advantage to appeal to the greatest number of home buyers by accepting the greatest range of financing plans. A point is one percent of the amount of the buyer's mortgage loan.
Lenders charge points to increase the yield on their loans.
On all loans, home buyer and home seller may share the charges by mutual agreement. Property Profile Folder. To enable the listing broker to prepare a folder of information on the property, the home seller needs to provide a number of documents and information specific to the location and jurisdiction. Because the list is long, you can understand why it's best to collect the papers before the listing appointment. Well and Septic Inspection.