I hope this helps!
Broker, Keller Williams
A buyer will have additional closing costs, dictated by their loan, insurance and property tax pre-payments. A buyer can ask a seller to credit them, at closing, to help in paying their closing costs. Their credit limit is also dictated by their loan type, if they are using financing for their purchase. Most loans programs allow up to 3% of the sale price to be credited to buyer, from the seller.