i thought when you buy a house you pay them, well what portion are the sellers paying then?
2007-09-24 07:44:59 · 4 answers · asked by toolate 3 in Business & Finance ➔ Renting & Real Estate
You can negotiate for the closing costs to be covered completely by the purchaser.
2007-09-24 07:52:40 · answer #1 · answered by Lex 7 · 1⤊ 0⤋
Realtor's commission, for example, is virtually always paid by the seller.
Some sellers will offer to pay all or a portion of a buyer's costs as an enticement to buy.
Right now it's a buyer's market in most of the country so sellers should be prepared to pay the lion's share and be happy to have a sale close.
2007-09-24 07:53:10 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Sellers who are trying to attract first time home buyers pad their asking price with an extra 3% to cover closing costs should the buyer ask. If they don't ask, then the seller usually comes down on price by that 3%.
It's all about net profit.
2007-09-24 08:10:58 · answer #3 · answered by Roland'sMommy 6 · 1⤊ 0⤋
sellers dont have to pay a dime....but most houses are getting sold.
sellers are using this tactic to help sell their home.
nowadays a seller pays up to 3% of the closing costs.
regardless, the seller should be happy that their home is being sold
2007-09-24 07:52:42 · answer #4 · answered by Anonymous · 1⤊ 0⤋