A seller may agree to pay a portion or all of the buyer’s closing costs, up to a certain amount. seller-paid closing costs may benefit both parties. A seller can fetch a higher price for his property and the buyer does not have to come in with as much out-of-pocket money to close.
How much you save. It makes very little difference to the sellers’ bottom line if they drop the sales price by three percent or pay three percent toward your closing costs. For example, if you negotiate for a $200,000 house, you could offer 95 percent of the sales price, or $190,000. Or you could offer $200,000,
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From the point you decide to move to the closing. in hidden costs, primarily made up of agent commissions, followed by the cost to prep the home and transfer taxes. One major benefit of selling.
Rather than let this setback kill the deal, work with the seller to see what they can afford to offer. Determine what you have available for closing, and then ask the seller to pay the difference. For example, if your closing costs total $10,000 and you have $4,000, ask the seller to pay the remaining $6,000.
You can make an offer near your max, say $224,000, and stipulate in the contract that the seller will pay your closing costs from the proceeds of the sale. You would give the seller $224,000, and she would turn right around and use $4,000 of that to cover your costs, leaving her the $220,000 she would ultimately settle for.
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Read on to learn what kinds of closing costs to expect and how to lower. a higher sale price in return for the seller paying the closing costs. Some of the benefits of the seller paying the buyer’s closing costs include the ability to negotiate a higher sales price, more incentive for the buyer to choose that home above another and the.
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