Hey Debi!
My friend just bought a house and she did not have to pay any closing costs. How did that happen? How can I get in on this deal?
-Doug Dealmaker
Hello Deal,
This is a great question. It sounds to me like your friend was able to have the seller pay her closing costs. This is typically done by including the closing costs in the sales price. For instance, if a home is listed for $150,000, she may have offered $155,000 and requested that the seller pay $5,000 in closing costs.
While this is a great option, please be aware, not all sellers will agree to this in a market as competitive as the Arizona market is right now. As a buyer in a seller's market you will want your offer to be as appealing as possible. You will want to beat out all of the other buyers that will be vying for every house out there and asking the seller to pay buyer closing costs could weaken your offer.
Remember, every situation is different so there may be some houses where it is a possibility to request seller contributions. If this is important to you then keep on trying and recognize that it may take a little longer to find that perfect home.
I wish you the best of luck in your search and thank you for your question!
No comments:
Post a Comment