It really depends on the property, how it's priced and how good the rest of the offer is. Ultimately it comes down to the "net" amount the seller will receive. An offer of $250,000 without paying the buyer's closing costs is the same as an offer of $255,000 with $5,000 toward the buyer's allowable closing costs (more or less depending on some minor details).
If the buyer is hoping to net $250,000 for their home there is no reason not to accept the offer.
One minor pet peeve, we call this the seller paying the buyer's closing costs. In reality it is the buyer "financing" the closing costs through an inflated price. As long as the buyer realizes this, I'm fine presenting this when the home may appraise and the seller seems motivated.
PS: Tara, I relocated from HOBOKEN to ASBURY PARK 12 years ago, and it was the best decision that I ever made!
Cynthia Meehan - Heritage House Sotheby's International Realty
How's everything going? You can put it in the intitial contract to see if the seller would accept. I have done it in the past. It all depends on the motivation of the seller, and if they have a lot of liquid cash. I hope this has been of a help. Thanks and have a great weekend.
Peter G. Apicella
Prudential Zack Shore Properties
520 Washington Blvd.
Sea Girt, NJ 08750