FAQs: Should I consider paying for some of the buyer’s closing costs?

📣 Each residential real estate transaction is unique with its own negotiation specifics. Often, you’ll have a great buyer that needs assistance which may in turn be beneficial for you as the seller, ultimately making that buyer’s offer more attractive for both parties and getting the home sold / closed quicker. 🏡 You may choose to offer seller concessions to help the buyer buydown their interest rate, or help pay for some of their closing costs, which could entail the following: Loan origination fee; Mortgage application fee; Appraisal fee; Survey fee; 2-1 buydown financing cost to seller (2.25%); Wire transfer fee; Flood certification; PMI application fee; Home warranty; Hazard/Homeowner’s insurance; etc. ✅

 

🎬 Taking Your Home to Market
🎬 Why You Need an ABR® for Your Next Home Search
🎬 I'm Your ABR® - FAQs for Buyers in Metro Phoenix

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