who pays the closing costs?

Asked by John Warren, Vernon, CT Sun Nov 9, 2008

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Anne Miller, , Manchester, CT
Sun Mar 11, 2012
The seller can pay for closing costs if your type of mortgage would allow it.
Check with your mortgage officer...If you do not have one, I can recommend
a couple of very good ones with low rates and easy terms. call me 860-647-8000
Anne Miller.
0 votes
Fran Rokicki, Agent, BOLTON, CT
Fri Sep 16, 2011
If you have the closing costs as part of the purchase price, you will still be paying them, however, you will be financing them at very low rates. Then, you can have monies in reserves in case of emergencies.
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Debra Davis, Agent, Snellville, GA
Sat Oct 24, 2009
In Georgia, this is a negotiable item and can be requested by the buyer that the seller will pay their closing costs. They can make the request with the initial offer to purchase. Sometimes it is more beneficial for the buyer to pay the seller more on the sales price and have the seller pay the associated closing costs. This helps the buyer reduce the amount of money they will need at closing.
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Sonia Holmes, , Danbury, CT
Wed Nov 12, 2008
Usually the buyer does pay the closing cost. Be aware of when someone like lenders/mortgage brokers tell you, "you don't have to pay closing cost". Double check that, because some times they build this into your mortgage. Also look at the list that Dan also mentioned below. Hope this helps.

- Sonia Holmes
0 votes
Don Fabrizio…, Agent, Danbury, CT
Sun Nov 9, 2008
Actually, this varies and, of course, everything is negotiable.

Typically, the buyer pays for: inspections, title insurance, appraisal, lender fees.
Typically, the sellers pays for: any negotiated repairs, conveyance taxes.
Buyer and seller each pay for their own attorneys.

Seller usually pays for the real estate agent commissions, but this is also partly determined by the Buyer Broker Agreement the buyer signs with their agent.
Web Reference:  http://www.FabRealEstate.com
0 votes
Daniel, , Baton Rouge, LA
Sun Nov 9, 2008
the person buying the property is responsible for settlement cost of their purchase
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