In our area, seller assist is the norm. If you offer seller assist you will get more showings and more is good. Keep in mind that most properties in and around Carnegie when they sold had seller assist that 2-5% is built into the sale prices. I or another local realtor can tell you in your neighborhood what the normal seller assist is. If you don't offer that amount know it is coming in the future offers if any and if you offer it you let buyers know you understand the market and are ready to go forward. Best of luck.
Lets say the house is to be sold at $100,000 and the buyer needs a $3500 downpayment and $6000 in closing costs. That means the buyer needs $9500 in the bank to buy the house.
Howver if he offers $106,000 and a $6000 sellers assist, the seller still nets $100,000 and thew buyer only needs $3500 to bring to closing. Therefore as a seller, being open to offers including a sellers assist you are more likely to attract more buyers.
Cornerstone Lending Inc
720 Second St Pike Suite 104
Southampton Pa 18966
Office 215 953 0800
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The net to the seller is lower - but the seller paid costs are taken off the net when calculating tax due - if any.
Maryland, Virgina and D.C.
But if you are willing to be a little more realistic on selling your home, then offering a seller assist is great. Just remember that the home must appraise for the total price or it's a no go.