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Arlynn B. Palmer
"The Agent that Gets Results!"
Experience:
Real Estate & Landlord/Tenant Attorney for Various
June 1980—present
Negotiation, creation and coordination of real estate contracts and settlement agreements,…
Negotiation, creation and coordination of real estate contracts and settlement agreements,…
Associate Broker, REALTOR for Coldwell Banker Claire Sobel
November 1996—present
Marketing properties, coordination of contracts, forms and disclosure statements required…
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Marketing properties, coordination of contracts, forms and disclosure statements required…
Specialties:
Residential Sales, Co-op and Condo Sales, Short Sales, Foreclosure Sales
Certifications
& Awards:
& Awards:
* Best Use of Technology (2008)
* Top Producer (various years) ... show more
* Top Producer (various years) ... show more
About:
Work with a dynamic real estate professional who has practiced over 25 years and has your best interest in mind. My goal is your satisfaction - to assist
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Testimonials:
"Visit my website at www.arlynnpalmer.com to see additional Testimonials."
Arlynn Mon Apr 21, 2008 ... show more
Arlynn Mon Apr 21, 2008 ... show more
Arlynn B. Palmer answered:
Hi DS,
To answer your question in the most helpful manner, I would need to know exactly what you are asking for.
1. Are you asking the seller to pay for part or all of your closing costs (your attorney fees, the mortgage lender's attorney fees, the points you will pay on your mortgage, title insurance, survey fee, etc.)?
2. Are you asking that the closing costs be merged into the transaction so that they become part of the mortgage - these would be called "seller's concessions"?
3. Are you asking some other question?
Generally the seller will not agree to pay for part or all of your closing costs - the seller has negotiated the price with you based on your paying those fees. However, nothing prevents you from asking for them either in the original negotiation of sale price or thereafter! There is no law that I am aware of that would prevent the seller from paying any sum of money on your behalf - although, if the seller were amenable to such an idea, a cleaner way to handle this situation might be to lower the selling price and you pay the costs associated with the purchase.
As for "seller concessions" (raising the selling price to include your closing fees), your mortgage broker would be in the best position to know whether this would be feasible for you since you would have higher monthly carrying charges for the life of the loan. Of course, the seller would have to agree to this since the increased carrying charges might prevent you from qualifying for the mortgage! In such a case, there are lenders that could get you a commitment within 1 week, before going to contract - this would put the sellers at ease.
I hope I have addressed your issue - if not, please contact me and I will be sure to get back to you right away! I can be reached directly by phone at (516)410-3594 or by email at Arlynn@ArlynnPalmer.com.
In the meantime, please visit my website at http://www.ArlynnPalmer.com where you can find FREE Buyer and Seller Reports, FREE School and Neighborhood Reports, my Monthly Newsletter and other valuable real estate information.
I'm looking forward to hearing from you!
Wishing you and your loved ones a Happy & Healthy Thanksgiving!
Regards,
Arlynn
Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Licensed Associate Broker, REALTOR
Coldwell Banker Claire Sobel
(516)410-3594
Arlynn@ArlynnPalmer.com
To answer your question in the most helpful manner, I would need to know exactly what you are asking for.
1. Are you asking the seller to pay for part or all of your closing costs (your attorney fees, the mortgage lender's attorney fees, the points you will pay on your mortgage, title insurance, survey fee, etc.)?
2. Are you asking that the closing costs be merged into the transaction so that they become part of the mortgage - these would be called "seller's concessions"?
3. Are you asking some other question?
Generally the seller will not agree to pay for part or all of your closing costs - the seller has negotiated the price with you based on your paying those fees. However, nothing prevents you from asking for them either in the original negotiation of sale price or thereafter! There is no law that I am aware of that would prevent the seller from paying any sum of money on your behalf - although, if the seller were amenable to such an idea, a cleaner way to handle this situation might be to lower the selling price and you pay the costs associated with the purchase.
As for "seller concessions" (raising the selling price to include your closing fees), your mortgage broker would be in the best position to know whether this would be feasible for you since you would have higher monthly carrying charges for the life of the loan. Of course, the seller would have to agree to this since the increased carrying charges might prevent you from qualifying for the mortgage! In such a case, there are lenders that could get you a commitment within 1 week, before going to contract - this would put the sellers at ease.
I hope I have addressed your issue - if not, please contact me and I will be sure to get back to you right away! I can be reached directly by phone at (516)410-3594 or by email at Arlynn@ArlynnPalmer.com.
In the meantime, please visit my website at http://www.ArlynnPalmer.com where you can find FREE Buyer and Seller Reports, FREE School and Neighborhood Reports, my Monthly Newsletter and other valuable real estate information.
I'm looking forward to hearing from you!
Wishing you and your loved ones a Happy & Healthy Thanksgiving!
Regards,
Arlynn
Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Licensed Associate Broker, REALTOR
Coldwell Banker Claire Sobel
(516)410-3594
Arlynn@ArlynnPalmer.com
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