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Silver Spring : Real Estate Advice

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Sun Jun 7, 2009
Ann Vargason answered:
It depends on the offer. The bank or any seller looks at the "bottom line" to make their decision on whether or not to accept an offer. For example: If a property is listed at $275,000 and the seller (or bank) is willing to take $265,000 if an offer came in at 270,000 with the seller paying up to 5,000 in closing costs then the bottom line to the seller would be 265,000. If an offer came in at 265,000 with no closing costs paid by the seller the bottom line would be the same. So it may be feasible in this market that the seller (bank) would pay for the closing costs. ... more
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