THE VISTA

FAQs

• Why a Buyer May Want to Buy Their Dream Home Now than Later

  Waiting to purchase may expose the buyer to rising home prices, higher interest rates, increased construction costs, or the risk of losing a desirable property or community.

  In many cases, buyers can move into a home that already meets most of their needs and gradually complete additional improvements over time as their budget allows.

  At the same time, a buyer’s current home may continue to age and require costly repairs such as roofing, HVAC systems, plumbing, foundation work, or other maintenance expenses the longer they wait to sell.

  Selling sooner can help the buyer maximize the current value of their existing home while transitioning into a property better suited for their long-term lifestyle, family goals, and future customization plans.

• Interest Rates are Still Too High?

  Temporary Mortgage Buydown Options

  Offering 3-2-1, 2-1, 1-1, and 1-0 temporary mortgage buydowns may help buyers get into a home sooner than later.

  Lock in Today’s Rates for Tomorrow’s Savings: Enjoy a Temporary Mortgage Buydown Now!

  A mortgage buydown is a financing technique where a borrower or seller pays an upfront fee to the lender in exchange for a reduced interest rate on the mortgage loan.

  The buydown can be temporary or permanent, depending on the terms of the agreement.

  Keller Home Loans is pleased to offer a variety of temporary buydown programs to borrowers looking to lower their monthly payments or increase their purchasing power.

  Rate buydowns and closing cost assistance may help you get into your Dream Home sooner. All costs are negotiable.

  Talk to your lender and your agent for more details.

  More Info

• Need Closing Cost Assistance?

  Seller-paid closing cost assistance is a negotiated agreement in which the seller agrees to contribute a portion of the buyer’s closing costs to help reduce the amount of cash needed at closing.

  These costs may include loan origination fees, title insurance, appraisal fees, prepaid taxes and insurance, escrow fees, or even temporary mortgage interest rate buy downs such as a 2-1 buy down.

  The amount a seller can contribute is typically determined during contract negotiations and may also be limited by the buyer’s loan program guidelines.

  In many cases, the buyer may offer a slightly higher purchase price in exchange for seller-paid concessions, allowing the seller to assist with upfront costs while still achieving their desired net proceeds.

  Seller-paid closing cost assistance can make homeownership more affordable and help buyers preserve cash for moving expenses, furnishings, or future home improvements.

  All costs are negotiable. Simply discuss your situation with your lender and agent.

• The New Home Needs Updating or Buyer Wants a Different Style

  During the negotiation process, a buyer may request that the seller provide a concession or financial credit to help offset the cost of updating items such as worn carpet, outdated paint colors, aging flooring, or other cosmetic improvements within the home. Rather than asking the seller to complete the work before closing, buyers often prefer a seller concession so they can personalize the updates after moving in.

  These concessions are typically negotiated as part of the purchase contract and may be applied toward the buyer’s closing costs or reflected as a price adjustment, depending on the loan program and lender guidelines. Buyers may use contractor estimates or market comparisons to support their request, especially if the home’s condition differs from comparable properties in the area.

  Seller concessions can help bridge the gap between the buyer’s expectations and the home’s current condition while allowing both parties to move forward toward a successful sale.

  Simply communicate with the listing agent if the buyer has any concerns.

• Need More Time to Close?

  If you need more time to close, simply speak with the listing agent.

  A buyer may request additional time to close on their new home for a variety of important reasons related to financing, logistics, or the sale of their current property. Buyers who are relocating may also need extra time to coordinate moving schedules, employment transitions, or the sale of an existing home in order to avoid carrying two mortgage payments at the same time.

  In some cases, extending the closing date can help ensure a smoother transaction for all parties by allowing enough time to finalize financing, complete inspections, secure homeowners insurance, or properly prepare the property for move-in.

  Buyers typically communicate this request through a contract amendment, and sellers may agree if the extension helps keep the transaction together and moving toward a successful closing.