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Answers (4)
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
It all comes down to what the seller wants to net from the sale.. It is all negotiable.
Naima
Naima
- wayne lancaster, "funds2"
- Contributions:1177
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.
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
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.
- Connie Wildasinn, "Connie Wildasin"
- Contributions:1178
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
Is it common to ask the seller to pay for closing and pre pay cost in the dfw texas market
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