from a buyer's point of view it's always okay to ask the seller to pay some or all of the closing costs.
HOWEVER, and this is so important in this market... Seller's are often times pushed right up against the wall trying to sell.
try to keep in mind that the seller is trying to sell without going into debt. even though this is YOUR market as a buyer, as trite as this sounds, sellers are people just like you, so ask, and be kind.
most sellers will negotiate. and a really good mortgage person with first time buyer's experience, can guide you through often hooking you up with some nice programs.
remember, the seller wants to sell, and will generally work with you as the buyer.
be prepared to keep the offer conversation going until you are happy and the seller is happy.
that's the best kind of transaction!
katherine davidson, Watson Realty Corp.
It is not unreasonable to ask for the seller to pay closing costs at all. Because it is a buyers market, you have a lot more leverage than you would in other real estate markets. I have attached a blog post about closing costs for further education.
Anything is possible but it depends on the area market and amount of the offer. If you come in way below the asking price, its doubtful your offer will be received with open arms.
But, "nothing ventured, nothing gained."
The "Eckler Team"
Asking for the seller to pay your closing cost is never unresonable, however you must be able to handle rejection well if your combination of concessions and price reductions are too rigid. The secrets to successful negotiations lies in being the first to submit the terms, and submitting those terms in such a way that they are more than what you want but less than what would be considered insulting. Do your homework well on comparable values and you should be able to come up with a winning offer.
Always, an alternative to seeking seller concessions is to utilize Florida bond money if you are a first time homebuyer.
Closing costs are certainly negotiable, but as Gwen stated if it is a bank owned property, some banks will pay some closing costs, it is just depending on the bank itself (they vary so much with allowances).
Best of luck
The answer to your question is: No it is not unreasonable for a seller to pay all Buyer's closing cost including prepaid items.
I am a Realtor In Jacksonville, your zip code is within my service area. Many transactions include the seller paying "all Buyer's closing cost and prepaid items up to $xxxx not to exceed actual"
All of the answers by the Realtors answering before me are true for property in your zip code. Many offers on behalf of individuals qualifying and participating in down payment assistance programs also include the seller making a contribution to the program in the amout of 3% to be used towards the buyer's down payment.
Lowball offers including the term or condition of paying the Buyer's closing cost are not received well. If the home is priced at or below the current market value you will have a better chance of getting an accpeted offer if your offer is near or close to fair market value when asking for the seller's contribution towards Buyer closing cost.
Your Realtor can advise you.
In the sellers market as we had a couple years ago with multiple offers, asking seller to pay closing costs was unheard of. However, being a buyers market, seller paying closing costs is certainly something a buyer can ask the seller to do.
*part of the Trulian team ^^