Asked by denlak, Rochester, NY • Sat Feb 28, 2009
Can a buyer increase the selling price of the house by asking seller to increase the price of the house and asking them to pay the closing costs? Will this be the realistic price? If that is the case, then it doesn't make sense. What about buyers who negotiated the price but are willing to pay the closing costs?
Example : Buyer and seller agrees to pay 200000 for a house. The closing costs are 10K.
Scenario 1 : Buyer asked seller to increase the price of the house to 210000 and pay all closing costs.
Scenario 2: Buyer will pay only 200000 but pay all the closing costs.
In this case, is buyer losing the sale price of the house? Does it show up as 200000 or 210000 in the sale history? Since people always look at the past history, it would be a problem. How does people look for comparable houses since this won't be a realistic cost for the house.
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