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Trulia, Other/Just Looking in San Francisco, CA

Which costs are potentially negotiable in closing costs

Asked by Trulia, San Francisco, CA Sat Mar 3, 2012

Are there negotiable and non-negotiable closing costs?

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The truth is almost all costs are negotiable in one way or another. It really depends on how you're financing and how willing the seller is to possibly cover some of your costs. The trick is to get a good Realtor who is excellent at negotiations and knows the ins and outs of the business. If you are looking in the Austin area, and don't yet have a Realtor, I'd be happy to talk with you and let you know what I can do to help you out. Please click on my name and review my credentials and client testimonials, and give me a call if you'd like to discuss what I can do to help! Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin Texas, 512-261-4415
1 vote Thank Flag Link Sun Mar 4, 2012
Really all costs are negotiable. It is best to have an estimate of what the total costs are before you write an offer, so you know what to ask for. Lenders have limits as to the percentage of sales price that can go toward buyer closing costs, but it's fairly liberal and depends on down payment and loan type. I am both lender and Realtor so my clients generally have a good idea as to what they need and what they want to ask for.
1 vote Thank Flag Link Sun Mar 4, 2012
Potentially all costs are negocaiable in some form.

Seller can pay closing costs for buyer. The only thing you need to have downpayment in most cases, but that could be a gift from someone else if documented.

USDA loan you can do Zero down and have seller pay closing costs for you.

The trick is to find the right property and the right seller.

Best of luck,
Coldwell Banker United Realtors
1 vote Thank Flag Link Sat Mar 3, 2012
*Lender Fees

*Buyer can shop for their own surveys or ask the seller to pay.
*You can always ask the seller to contribute in paying closing costs.

It's always a good idea when your starting the buying process to get with a couple lenders to provide good faith estimates to compare the fees involed in getting the loan.
1 vote Thank Flag Link Sat Mar 3, 2012
Everything is negotiable but there are some fees that are typically paid by the seller and those by the buyer. Have your agent review the sales contract where it details these options so you have a good understand of what options you have.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
0 votes Thank Flag Link Wed Mar 14, 2012
Some lender fees are negotiable and many can be completely eliminated. Having a strong lender who works well with your Realtor is helpful. Letting lenders know you are shopping loans saves considerable time and encourages lenders to put their best foot forward. Working with a reputable lender is crucial, one with a proven record for actually getting to the closing table. Some lenders promise great fees and preapprovals prior to doing their homework causing deals to blow up at underwriting. Potentially saving a few closing dollars is not as important as protecting earnest and option money and actually making it to the closing table.
Shop well for your Realtor, your lender and your home to assure you sleep well through the entire process.
Having a seller pay buyer closing costs is a commonly misunderstood process. The amount the seller pays on behalf of the buyer is a reduction in the amount the seller receives at closing. If an increased loan and offer price is involved, effectively the buyer is borrowing closing costs from the lender.
Our market has a very low inventory currently, a strong Realtor with great negotiation skills and a trusted team is essential for a smooth transaction and a fantastic Real Estate experience!
0 votes Thank Flag Link Sat Mar 3, 2012
Yes for Buyer and Seller! Thats what is so Great in Real Estate.
A good Agent can save you money, Also work with a lender who
can help you with your lending fees.
There are times a Buyer walked away with 0 closing cost and very low..down payment if any!

Austin Real Estate is Great!
0 votes Thank Flag Link Sat Mar 3, 2012
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