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Jeff Peterson

Answers by Jeff Peterson

3 answers · 29 pts

Are easements placed between properties from front to back?

Asked by Stephanie Powell | Jonesboro, GA | 08-08-2025

Jeff Peterson
Jeff Peterson08-11-2025 (7 months ago)

Your best bet would be to hire an surveyor to look into that. If you have the paperwork from when you purchased your property, you should have a survey in that stack of papers that would show any easements.

Earnest money at closing?

Asked by Jolene Iacabone | Pueblo, FL | 08-07-2025

Jeff Peterson
Jeff Peterson08-11-2025 (7 months ago)

Earnest money should be viewed as a "pre-payment" as part of the buyer's down payment, on the house. For example, if the house price is $300,000 and the buyer has a 10% down payment and a 90% loan, typically the earnest money would be around 1%. So, the buyer pays a $3,000 earnest money deposit, then still owes $27,000 at closing as their 10% down payment and then their loan would be $270,000, plus any other closing costs.

I want to buy 1/2 of duplex with full ownership ?

Asked by Nancy Hinds | Reno, FL | 07-12-2025

Jeff Peterson
Jeff Peterson08-11-2025 (7 months ago)

Yes, there are 1/2 duplexes for sale. You would still share a wall and the roof with your neighbor but you can definitely buy 1/2 of a duplex. I am a broker here in Northern Nevada and would be happy to help!