if the seller is eager to sell their property is it a good idea to ask them to pay for all closing costs?

Equihua10
Home Buyer
48328

Answers (2)
Dmitry Koublits...
Agent
48009

If you are looking for foreclosures some banks will offer incentives that include part of the closing costs.

I think you have to look at each house individually to determine what you should offer and work with your lender and your agent to properly structure a deal.

Thu Jul 2 2009, 09:29
Michael E Thomp...
Broker
48182
FIRST ANSWER

You can always ask seller to pay closing cost. Just keep in mind that such a request is just as much a reduction in sales price as offering less than the house is listed for. Meaning, if you closing cost are $5000 and they pay those and house was listed at 100,000. Your offer is really for $95,000.

Point being, whenever you make such a request, remember its part of the offer as a whole, and you need to make sure the offer is one that's good for you, and that seller can live with.

Wed Jul 1 2009, 11:37

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