is it wise to pay for the buyer closing cost just to sell your home?

Answer 1

In the market like this, you can offer to pay half of the closing cost to be able to sell your house, if you are in a hurry to sell.

But if you can wait for the right buyer and you can afford to pay the monthly on the house and the house you recently living in or the house that you are going to buy, you can still decide not to pay for the closing costs. All buyers right now that are approved have money and not poor - because the lender will not approve these buyers if they have no money to pay. It is different nowadays, compare a year ago. Buyers nowadays are richer than you think. They will asks so many discounts because they know sellers are desperate because of the market. Think twice and be smart on your decisions.

Answer 2

It can be. How long has the property been on the market? Are there a lot of similar/comparable properties available? How badly do you need to sell, how soon?

Closing costs can be considerable and a lot of buyers don't have the funds for closing. Paying closing costs could be the difference between someone choosing your home or another one. A lot of sellers are paying some closing costs. In some areas, sellers generally pay certain costs, like the survey or the buyer's title insurance.

Answer 3

When I bought the home I am in now, I asked the seller to pay closing and they did. Depends on how bad they want to sell. My home had been on the market 4 years, they wanted rid of it.

Answer 4

It's very common for you as the seller to pay closing cost, you are making the most money in the transaction after all.

Answer 5

I guess that depends on how badly you want to sell. you might offer to pick up some of the buyer expenses