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David Mckinn…, Home Seller in Belmont, NC

Who pays closing cost in a for sale by owner.?

Asked by David Mckinney, Belmont, NC Tue Jan 15, 2008

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4
David
The best answer is that (in your case)) the buyer pays all the closing costs. After all, with no legal representation, why not take the buyer for all they are worth?

The truth is that the value in having professional representation is that you have peoplel other than principals (meaning the buyer and seller) negotiate. When you are the buyer are talking directly, it's like playing poker.

Good luck.
0 votes Thank Flag Link Tue Jan 15, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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Hi David,

It depends. Closing costs will be incurred by both sides when you are using a title/escrow company (and you most likely are) and mortgage companies. Like everything else in a real estate transaction, who pays those closing costs are negotiable between buyer and seller.
0 votes Thank Flag Link Tue Jan 15, 2008
There are buyer and seller closing costs. Sometimes buyers ask for a certain amount for closing. However, this is all negotiated.
0 votes Thank Flag Link Tue Jan 15, 2008
Herman Chang, Real Estate Pro in Palm Beach Gardens, FL
MVP'08
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It depends on what is negotiated between the buyer and the seller.
0 votes Thank Flag Link Tue Jan 15, 2008
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