Profile picture for interestedinbuying

If I want to sell my home, do I have to pay for the closing cost?

I want to sell my home, but really do not have the money to pay or closing cost. Is it possible to ask for the buyer to pay for the closing cost? Is this uncommon?
  • October 09 2011 - Riverside
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Answers (15)

No, it's not a common practice.  More often than not, buyer's tend to ask the seller to help with their closing costs.  You can work with a Broker to discuss the possibility of taking a lower commission.  You didn't mention why you want to sell your home.  Is it out of necessity or just because...?
  • June 28 2013
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Profile picture for tjsidwell
When you sell your house, you decide what you want to pay. It does'nt matter whether it's a seller's or buyer's market. It's your house. As a seller you shoud'nt be paying buyer's closing cost, unless you are the generous type. The buyer should know and be prepared to pay these fees. Of course if your in a financial bind, and must sell, then that's a different story. When buyer's applyfor a loan, they must prove where the down payment and closing fees are coming from. Good Luck!
  • March 05 2013
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Hello,

If the Broker you are working with is willing to reduce their commission in order to get the deal done, then I would work with that Broker.
  • October 14 2011
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each market is different - in our market you can sell the home with no closing costs paid out of pocket it is completely negotiable within the offer.  
  • October 12 2011
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You can figure out your bottom line with the seller's paid closing costs and not sell your home for less. As always, your home is worth what someone is willing to pay, so if they want your house they will pay the price. A financial adviser or accountant can help with the impact of a short sale if you have to go down that road. Good luck to you!
  • October 12 2011
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Profile picture for sunnyview
I don't agree. I think that if the only thing standing between you and selling the house are closing costs that doing a short sale is a bad idea. Short sales are not worth it for small amounts and cost to close is not that great compared to the impact of a short sale on your credit.
  • October 12 2011
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I have not experienced a buyer paying for a seller's closing cost during my ssixteen years in the business.  The seller's closing costs are lower than the buyer's costs for one thing.  If you do not have the funds due to reduced equity and you really need to sell,contact a professional who specializes in short sales. 

  • October 12 2011
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It is uncommon for a buyer to pay for sellers closing cost. It is common for a buyer to ask the seller to pay for their closing cost. This it typically done due to the buyer not having enough funds at closing or the buyer wanting more valuce from his/her purchase.

  • October 10 2011
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Profile picture for sunnyview
It is uncommon to ask your buyer to pay your closing cost. If you need to sell and the only thing standing between you and a sale is closing costs, you may need to borrow them if you can and focus exclusively on selling.
  • October 10 2011
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There are seller closing costs (cost to sell) and buyer's closings costs. The seller's closing costs are generally deducted from the contracted price of the home as well as the balance due from the lienholder(s). It's not out of pocket. However, if there is not enough to pay off the lender after deducting the costs to sell, you are in a position of a short sale, which means the lienholder will have to agree to taking less than the balance owed, which is a very common affair these days. Generally, the buyer will not want to pay more than what they think the house is worth unless they really really want a particular house.

  • October 10 2011
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Anything is possible but in a Buyers' Market, it is unlikely any Buyer will pay your costs.
  • October 10 2011
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Most sellers in this market will have to pay closing costs just because most potential buyers will need the assistance to buy a home.  It is not an actual requirement, but rather just the realities of the market.  The big exception is if you find a cash buyer.  Thenthey would probably make an adjustment on the sale price to reflect not paying closing costs. 
  • October 10 2011
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The cost of selling your home is negotiable.
  • October 10 2011
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Yes it is uncommon. If you expect market value for your property.  However, If your home has that something that stands out that strikes the buyer that they absolutely have to have your home, they may.  When selling you have agent commissions, 1/2 pf the escrow, title, hoa if any, and then usually the buyer expects the seller to pay for a home warranty,  taxes,  etc,

Call an escrow officer near you to get a real good idea of what it will cost you.
  • October 09 2011
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Profile picture for wetdawgs
In a seller's market, usually buyers pay for the closing costs.  At the moment (buyer's market), many buyers are requesting closing costs.   You do not have to accept this part of the offer, and can counter without closing costs.  It is up to the potential buyer whether or not they accept.

Look at the full picture of the offer, not just whether or not they have requested closing costs.



  • October 09 2011
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