Longing in Texas,
It depends on your purpose. If you like making offers asking for closing costs is a good way to write offers. More skill and insight will be needed to turn those offers into an accepting purchase contract.
What is incredibly important to a buyer and seller is understanding one of the major issues each must face.
This issue is 'the assurance of closing.'
For the buyer, this assurance means the money they spend on inspection, appraisal and even the cost of preparing to move or moving are not at risk. This often places their down payment at risk. If you lose too much money you can inadvertantly be removed from home buying eligibility. When a buyer presents a "Clear-to-Close' instead of a pre-approval, gigantic uncertainty is removed. Too often, everything goes well and Wells Fargo refuses the mortgage two days before closing. That is how you spell UNCERTAINTY.
For the seller removing uncertainty means they are not penalized by taking the home off the market (aging) and will not be penalized by indelible disclosure issues as the result of a failed purchase attempt.
As Kristin and Jill pointed out, it is hard to make a 'pay closing cost' request that does not increase uncertainty.
What can you couple to your 'pay closing cost' requirement that provides greater assurance to the seller? Options do exist, but you MUST make them clearly understood.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL