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Deborah041, Home Buyer in Inver Grove Heights,...

I live in Mn and am planning on buying a townhouse. Is it better for me to pay the closing costs or the seller?

Asked by Deborah041, Inver Grove Heights, MN Fri Jul 25, 2014

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3
Deborah,

The closing costs for a cash purchase are small as there are no taxes on the Mortgage that must be paid to the government, nor are there bank points or bank charges. I would just say to factor that into your purchase price. You are looking at a set cost - Closing Fees, Title Insurance, are the two highest the rest are small fees for recording and miscellaneous items. Additionally, remember that you will be receiving a credit for RE TAXES (depending on the time of year you purchase) further reducing those closing costs.

Give me a call so we may discuss your particular situation.

Thanks,

Javier Olmedo
Keller Williams Realty
0 votes Thank Flag Link Sun Jul 27, 2014
Hello. You are only able to ask the Seller to pay a percentage of the closing cost. Most seller's will just add this to the purchase price. Thus, it depends on if you want to spend more on the monthly payment now or put more up-front. Please feel free to contact us for additonal information. Have an amazing evening.

Regards,

Aryl & Pati Robison
The Robison Group, RE/MAX Ultra Realty
Luxury Home & Condo Specialists
Aryl: (305)781-7505
Pati: (305)781-7506
Fax: (305)359-9100
Email: Info@RobisonGroupFlorida.com
0 votes Thank Flag Link Fri Jul 25, 2014
Hi Deborah,

If the seller agrees to pay for the closing costs that's great!
Although is not always the case you can negotiate with them and get to some middle ground

Hope that helps,

--Angela Mora
http://www.realliving.com/angela.mora
0 votes Thank Flag Link Fri Jul 25, 2014
Hello. You are allowed to ask the seller to pay a percentage of your mortgage cost. However, please take into consideration that you will may be paying the amount the Seller pays over your mortgage terms.

Please feel free to contact us for additonal information.

Aryl & Pati Robison
The Robison Group, RE/MAX Ultra Realty
Luxury Home & Condo Specialists
Aryl: (305)781-7505
Pati: (305)781-7506
Fax: (305)359-9100
Email: Info@RobisonGroupFlorida.com
Flag Fri Jul 25, 2014
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