Seller's closing costs are almost all negotiable.
Some loan programs will require one party to pay or not pay a particular costs. A VA loan requires a Seller to pay the termite inspection (about $75) as one example.
The Purchase Agreement that was accepted by Buyer & Seller will outline the closing costs for that transaction. When making an offer, the Buyer's Agent should ALWAYS, ALWAYS, provide a Buyer's net sheet to the Buyer showing what the closings costs will be for that particular offer. A Buyer should ALWAYS, ALWAYS, demand one if not provided.
It is important for the Buyer's Agent to know how the Buyer is paying for the property. Lender fees are on the Buyer's Net Sheet so the Buyer has the entire picture of what the transaction will cost. The Buyer's Agent needs to know these costs when making an offer.
Happy house hunting.
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Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.
Steven Goldman, CRS
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
10750 W. Charleston #180
Las Vegas, NV 89135