All agents are NOT
alike! Find out why we
are top real estate
experts. Call
Karen Donohoe at
407-748-4861. |
Find Out About the Latest Homes for Sale First!
We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
Find Out More >
View All Offers >
|
Working with Karen was a positive experience.
Whenever we had to contact her, she responded with a friendly and positive attitude.
Ron & Madge Smith
Read Quote >
View All Quotes >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Karen Donohoe
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Step into our town of Celebration
Celebration is a quaint town right outside of Orlando. It is a planned community originally a division of the Walt Disney Company Celebration has become as magical as the theme parks themselves. World drive connects Celebration directly to the Walt Disney World parks and resorts. The first residents of Celebration began moving in the summer of 1996. The population today has reached over 10,000. The homes and downtown area in celebration follow a southern American village theme from the 1930's. Celebration utilizes the principles of traditional historic designs and capture the community spirit of Old Florida. Traditional neighborhood design is reminiscent of the street and community plans for small towns that were built before the middle of the last century, emanating historic housing patterns predating World War II. This type of planning brings together a variety of types of homes and businesses in a walkable community. The downtown area consists of many shops and restaurants. If you are looking to take a visit to our town, Celebration also has the beautiful Celebration Hotel located right in the heart of downtown Celebration.
Thank you for visiting my site. I look forward to doing business with you!
- Karen Donohoe
 |
First Time Buyers >The Seller May Pay
The costs of buying a home may be daunting. For example, you may have finally saved enough for a down payment on your first home, with a little left over to buy the furniture you will need. Then you hear about having to pay closing costs you weren't anticipating, and this may seem like a real setback.
One way to cover such a shortage is to make the sellers an offer that calls for them to credit you for some of the closing costs. As a rule, the sellers may pay a maximum of 3 percent of the sales price if the buyer is putting five percent down. If the buyer is making a down payment of 10 percent or more, the seller can contribute up to 6 percent of the sales price to cover the buyer's closing costs. Some items, such as prepaid taxes and the first month's mortgage payment, must be paid by the buyers. Sellers may also contribute to paying the appraisal, points, title insurance, settlement attorney fees, state or local transfer taxes and similar items.
Keep in mind that if the credit is included in the price of the house, the appraiser will have to justify the amount, based on sales prices of similar homes in the neighborhood.
|
|
| Q |
Who is "Fannie Mae" and why is she a big name in real estate?
|
| A |
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT 
