EP 81 - Home Buying Fees, Closing Date Info, And Love Letters

What are the home-buying fees first-time buyers need to know? For military and veterans, you can put $0 for a down payment. But for the civilians, the minimum is often 3% down. Next, you’ll have to consider the earnest money or due diligence fee. It allows you to bail during the due diligence period. You should put down the max, 3% of the sales price. If you put anything lower, it shows that you got no skin in the game. Show the sellers you’re serious about buying the home. Want to know more? You’ll also discover do's and don’ts for closing day. And the controversy surrounding the age-old-secret buyer trick—love letters to the sellers. Dive in!