Who pays closing cost in a for sale by owner.?

Asked by David Mckinney, Belmont, NC Tue Jan 15, 2008

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Keith Sorem, Agent, Glendale, CA
Tue Jan 15, 2008
David
The best answer is that (in your case)) the buyer pays all the closing costs. After all, with no legal representation, why not take the buyer for all they are worth?

The truth is that the value in having professional representation is that you have peoplel other than principals (meaning the buyer and seller) negotiate. When you are the buyer are talking directly, it's like playing poker.

Good luck.
0 votes
Michael Krot…, Agent,
Tue Jan 15, 2008
Hi David,

It depends. Closing costs will be incurred by both sides when you are using a title/escrow company (and you most likely are) and mortgage companies. Like everything else in a real estate transaction, who pays those closing costs are negotiable between buyer and seller.
0 votes
Herman Chang, Agent, Palm Beach Gardens, FL
Tue Jan 15, 2008
There are buyer and seller closing costs. Sometimes buyers ask for a certain amount for closing. However, this is all negotiated.
0 votes
J R, , New York, NY
Tue Jan 15, 2008
It depends on what is negotiated between the buyer and the seller.
0 votes
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