http://www.trulia.com/voices/Home_Selling/What_are_the_average_closing_costs_on_a_cash_sale_-98821I received and offer on my house and countered. They had included closing costs in their offer so I increased the price and kept the closing costs (up to $5000), figuring on a cash sale they would be low. They countered with an offer of $5000 less and took out the closing cost/expense. I am wondering if it is smart for me to take that or should I push the price?en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Denver_NC-150797/http://www.trulia.com/voices/profile/Real_Estate_Pro-Denver_NC-150797/Usually on a cash sale there no expenses associated with getting a mortgage on the buyers end. So other costs such as inspections, lawyer fees, survey or appraisal (if buyer elects to do those) are about the same either for a cash sale or financed sale... I would say the closing costs should not be any where near $5,000 for the standard expenses. probably closer to $2500-$3000 for a cash sale. If you are satisfied with the offer as it stands without closing costs and you are only a few thousand off where you would like. I would take the sale. In todays market finding a cash buyer is more difficult and if your price is close then I would accept it. Do not get greedy in this market if you want to move forward and your price is only a few thousand from what your ideal would be. If you would like me to help on a Market Analysis and show you what other sellers are getting for like properties I would be glad to help. Just contact us directly at 704-607-7514Sat, 14 Mar 2009 07:49:34 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Charlotte_NC-55801/http://www.trulia.com/voices/profile/Real_Estate_Pro-Charlotte_NC-55801/Amy, On a cash sale, you eliminate the closing costs associated with the mortgage and escrowing of taxes and insurance, but still have other fees like inspections, attorney costs, title search and insurance. Many of these are fixed costs, but some are relative to the home purchase price. The closings costs on a cash sale should be much lower than $5,000, so you would be better off giving them up to $5,000 in closing costs, but ensuring that all parties understand who gets the extra money if it isn't spent. Does the buyer get it as a credit or does it go away? Clearly, you would not want the buyer to get it as a credit. I hope this helps. Congratulations on selling your home. If you need help in finding a new one, please consider our buyer agent services. Regards, Michael and KelliSat, 14 Mar 2009 07:23:09 -0700