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Experience:
SC Licensed Realtor for Carolina One Real Estate
January 1994—present
Specialties:
Selling houses in the last 4 years has be difficult for the entire market. The local Charleston MLS sold approximately 30% of the properties listed. I
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Certifications
& Awards:
& Awards:
Carolina One Real Estate (formerly Prudential) - 2011 Gold Circle (top 5% of the company)
Prudential President's Circle - 2000-2003,2005-2006 ... show more
Prudential President's Circle - 2000-2003,2005-2006 ... show more
Interests:
I help run the Alpha course(over 13 million people have taken the course). It
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About:
My family has lived in the Lowcountry of South Carolina for over seven generations and I count it a privilege to help others learn more about our area.
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Testimonials:
"We have worked with Foster Smith over the past 16 years or so, through 3 sales and 3 purchases. Obviously we are more than pleased with his experience
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Foster Smith answered:
Buyers closing costs are exactly that: costs that the buyer is responsible for. As a generous incentive some sellers are offering to pay the closing costs on behalf of the buyer. In the builder's case, often his company has a relationship with a lending institution. This relationship allows the builder to recoup some of the loss he is suffering through paying for the buyers closing costs.
In any case, the buyer is free to choose any lender. If you want to participate in the savings afforded to you by using the "builder's lender" you should choose the builder's lender. No one is forcing you to do anything in this transaction.
Possibly, a builder would extend his offer to include another lender if he was so inclined. But, you can not "force" him to pay your closing costs regardless. Successful negotiations are characterized by a win win situation. No one truly wins under any other scenario.
Happy house hunting.
In any case, the buyer is free to choose any lender. If you want to participate in the savings afforded to you by using the "builder's lender" you should choose the builder's lender. No one is forcing you to do anything in this transaction.
Possibly, a builder would extend his offer to include another lender if he was so inclined. But, you can not "force" him to pay your closing costs regardless. Successful negotiations are characterized by a win win situation. No one truly wins under any other scenario.
Happy house hunting.
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