Profile picture for cahcah

Is it common to ask the seller to pay for closing and pre pay cost in the dfw texas market

  • January 25 2010 - Krum
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (4)

It all comes down to what the seller wants to net from the sale..  It is all negotiable.

Naima
  • January 26 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I have done a number of loans in DFW area where seller paid as much as $6,000 that included closing cost, pre-paids, and buying down rate. I have also done loans recently where I as lender paid that much in closing cost for borrower by increasing rate. Borrower's only needed 3.5% down payment total out of pocket. Keep in mind that if seller pays closing cost, the price typically is higher in proportion to amount paid.
  • January 25 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for The LaPeer Team
If you are the buyer and need it, ask for it. If you are the seller,agree to do it if there are no negatives for you. What is common may not be as important as the end goal of closing the deal.
  • January 25 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

in short it is common in areas where the buyers typically need assistance to close a deal.. more affluent areas not so much, .. good luck
  • January 25 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.