A seller concession lets the seller pay some of the buyer's closing costs, within loan program limits. Here is what it can and cannot cover in Virginia.
Cash to close is the down payment plus closing costs and prepaids, minus earnest money and credits. Here is the full breakdown for Virginia buyers, and how to lower it.
The sale price is the headline, but your net proceeds are what you keep. Here is everything that comes out at a Virginia closing, from payoff and commission to transfer taxes and prorations.
The Virginia recordation tax explained in plain English: the state and local tax on the deed, the separate deed of trust tax, who pays, and how each is calculated.
Who pays closing costs in Virginia, buyer or seller? A line by line look at each side of the settlement statement, what is customary, and what you can negotiate.
A plain English guide to closing costs in Virginia: the taxes, lender fees, title charges, and prepaid items, who pays each one, and how to get a clear estimate before you sign.
The two extra seller fees in Northern Virginia explained: the Regional Congestion Relief Fee and the WMATA Capital Fee, each $0.10 per $100, who pays them, and which jurisdictions charge them.
The Virginia grantor's tax explained: the seller's transfer tax at $1 per $1,000 on the greater of price or value, who pays it, common exemptions, and the extra Northern Virginia fees.
Virginia law puts a clock on your closing. Here is how the Wet Settlement Act works, what wet and dry closings mean, and why your money moves within two business days.
Every step of a Virginia home closing, in order, from a ratified contract to a recorded deed, explained by a real estate attorney so you know exactly what to expect.