If you can't afford $4,000 in closing cost then in my opinion you should not be buying a home. Now if you don't want to pay that is another matter entirely and you need to decide if this is really a home you want to own. You can always finance the closing costs and with rates as low as they are that is not a bad business decision.
best of luck.
Seller will not pay $4K closing costs you need to confer with your buyers agent everything is governed by the executed sales agreement
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
If the closing costs were not negotiated up front than it is your responsibility. I am not sure if you are in negotiations to purchase a home or if you currently have a contract in place so it is hard to answer with any degree of certainty.
What is your agents advice? Normally, closing costs are shared between the seller and buyer. What did your contract specify? This information should be clearly stated in your agreement.
You can't have a contract without agreement on all matters relative to the transaction. If you have a contract, you have an agreement and there should be NO suprises.
Check your contract closly....
Hope this helps!
Were the closing costs written into the fully executed P&S as concessions back at closing? Are you dealing with a homeowner or is the property bank owned? Homeowners insurance depends on the company and the individual property, but is rarely over $1,000.00 per year
If you have an executed contract state seller pay $4000 closing cost then they are in breach of a contract must be owned at closing title company enforces all terms and conditions of contract.
NOW if you are submitting an offer usually home COULD BE all depends market up $4000 covers your closing cost which you finance in term of your loan. Which cost seller nothing
Perhaps either listing / buyer agent is not explaining correctly closing cost seller.