LRichards71
I am wondering if you are trying to sell FSBO? If you are listed with a broker you need to sit down with your agent and discuss your ultimate goals. If your goal and motivation is to move quickly then you need to have your house priced accordingly. Once an offer comes in then the negotiations can begin. In our market, although we are stable, many seller's are having to pay some closing costs. It really depends on the price range of your home. If you are over $400,000 the typical buyer will not need as much help as perhaps a first time home buyer would need. Of course, please understand the above comment is a "general" statement. Every transaction is different, but as when your agent understands your goals, not only financially, but also schedule wise, etc then they can advise you as to what is best in negotiations. The ultimate goal: get your home sold in your time frame so you can move on.

Much success as you make your move!
Magness Blaser and Yoakum
Pam 214.929.5535

No, you don't have to agree to any of the terms in the contract. However, if the buyers do not have cash to close, they will be unable to purchase the home. As mentioned below, you can build the closing costs into the price so long as the lender's appraisal will support the price increase.

Your agent should definitely be advising you on this. You dont have to pay anything and if the home will appraise you can raise the price to cover closing costs and keep your net price where you want it. Many buyers ask for this and flat out need it. However at the end of the day the only thing that is almost standard for a seller to pay for is the title policy, and maybe survey but that and everything else is up to the negotiations and the desire and the ability of the buyers to qualify.

If you ever looking for an agent, with whom you wont have to ask questions on a public forum give me a call.

Thanks
RJ
214-682-0598

Your listing agent should be assisting you structure your counter offer. There are many ways where this can work on benefit of all parties.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Lynn911

No you are not required to pay any of the buyer's closing costs. That is simply a negotiable item. A common practice that is done is to raise the sales price by the amount they want you to pay and then you can pay it. This way they don't have to come up with the cash upfront and you are not out the money.

The key is to make sure that the home will appraise for the new sales price.

Naima
214-289-8555
Naima@Sumner-Realty.com