Hope this is helpful!
Gail Mercedes Cole
There is such a small inventory out there that your best submitting your highest and best offer and not ask the Seller for any paid closing costs.
The seller may offer to pay some or all of the buyers closing cost. The buyer can ask the seller to help them with their closing cost, but of course it is the seller's call.
In a seller's market if a buyer really wants their offer to stand out above the crowd in a multiple offer situation, it is best if the buyer is in a position to pay their own closing cost.
Best of Luck to You,
Kawain Payne, Realtor
Both seller and buyer have closing cost to pay.
Sometimes a seller will offer to assist buyer with their closing cost. In other cases the buyer will ask the seller for assistance.
Assisting the buyer is soley up to the seller, there is no requirement for the seller to assist the buyer.
Some Federdal and State loan programs offer closing costs assistance to first time buyers as well.
You must talk to your agent and decide what you can ask for in your particular situation. I was asking for up to 6% towards closing+ costs~ so, it depends on a type of a loan, who is the seller, offered price, motivation, etc.
Also be sure you understand the way things are worded, I have put in contracts terminology that favored my seller and the buyers agent did not understand (not legal jargon, they simply didn't understand customary closing costs) and refunded thousands of those fees to the sellers bottom line because the buyer could not use them up.
Buyer and seller each have a share of closing cost fees.
In a standard sale the buyer's agent can ask the seller to pay all or some of the buyer's closing cost. It is up to the seller to decide if they want to honor the request, they are not obligated to do so. Some sellers in a standard sale will offer to pay some cost for the buyer as a selling point, again it is up to the seller.
In a short sale the seller will not be in a position to assist the buyer with cost, as the seller in this case is not making any profit from the sale.
Best of luck to you,
Prudential California Realty
In some areas of Los Angeles it is a buyers' market and in other areas we are seeing the tide turn in favor of the sellers. The one with the most pull will win the negotiation of closing costs, if closing costs become an issue in the offer. Multiple offers may lead to the seller having to pay very little if any closing costs.
It depends. What ever is written up and agreed upon in the purchase contract. Sometimes the seller will pay for the buyer's closing costs, but it must be agreed upon, prior to acceptance of the purchase contract, or amended later. You're agent might want to ask the other side if they'll pay your closing costs. What do you have to lose? They could just say no, or they may agree to pay all of the costs, or a portion of the costs. If you don't ask, they probably won't pay for them. I hope that helped answer your question.
These can be
Prepaid Property Taxes
Some of there are called "recurring" and some are "non-recurring"
If you go into a Title Company, such as North American or Chicago Title, they can do a hypothetical HUD1 for you, showing the list of charges to both the Buyer and the Seller.
Good luck and may God bless