Property Q&A in Winchester>Question Details

Adele Jackson, Home Buyer in Winchester, VA

If I pay cash for this property will they pay all closing costs?

Asked by Adele Jackson, Winchester, VA Thu Dec 31, 2009

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Hi Adele,

I agree that this is a great question and one you should have your buyer's agent pursue. Since this is a short sale and is subject to a third party approval, it is really worth discussing. If you are paying cash, there is not a problem with loan approval and the contract falling out because of that. If I were your buyer agent, I'd ask a lot of questions, but your first question is the best one.

Best of luck.
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0 votes Thank Flag Link Fri Jan 1, 2010
Hi Adele,

That is a great question. Sellers are always happy to work with a cash buyer because with no financing contingency, the contract process is typically shorter and less likely to result in the home going back on the market. Some cash buyers even opt to waive appraisal which could be a concern for a seller when home prices are fluctuating. As to whether a seller would pay all closing costs on a cash deal, that is going to be negotiable on a case-by-case basis. Seller paid closing costs deduct from the seller's bottom line so this decision will likely be impacted by how much the seller needs to clear from the sale and how motivated the seller is to move on. Good luck and let me know if I can help you with any other questions.
0 votes Thank Flag Link Fri Jan 1, 2010
Everything is negotiable! Call or email me if you need Buyer Representation.
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0 votes Thank Flag Link Thu Dec 31, 2009
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