The minimum down payment for a first-time home buyer typically ranges from 0% to 3.5%, depending on the type of mortgage you qualify for. Many loan programs allow buyers to put down far less than the traditional 20%, and some eligible buyers may qualify for options that require no down payment at all. A down […]
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Key takeaways A Public Improvement District (PID) is a designated area where homeowners pay an additional assessment to fund public amenities and infrastructure. PID assessments are separate from property taxes and may last 20 to 40 years. Several states besides Texas — Arizona, Colorado, California, Florida, New Mexico, Nevada, Utah, North Carolina, and Georgia —
Public Improvement Districts (PIDs) in Texas: What Homebuyers Should Know Read More »
Key takeaways A Municipal Utility District, or MUD, provides water, sewer, drainage, and infrastructure in areas that lack city utilities. Homes in a MUD include a MUD tax that helps repay bonds issued to build public infrastructure. MUD tax appears on your property tax bill; however, it is separate from county, school district, and city
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Seller concessions are closing costs or fees that a seller agrees to cover to help reduce a buyer’s upfront expenses. These costs are negotiated during the offer process, and seller concessions can make a home purchase more affordable without lowering the home’s sale price. In the first quarter of 2025, 44.4% of U.S. home sale
Seller Concessions 101: What They Are and How They Can Help You Save Read More »
Yes, a seller has the right to refuse to pay a buyer’s agent. Learn more about recent changes to real estate commissions and what that means for you.
Can a Seller Refuse to Pay a Buyer’s Agent? Read More »
Key takeaways Non-disclosure states limit public access to real estate sales data. Home prices in these states are not publicly recorded, meaning buyers, sellers, and appraisers must rely on private data sources. The policy protects privacy, influences property taxes, and reflects state-level traditions and policy preferences. Home value estimates are still available through real estate
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