Darren Orshoff

The Key To Your Home!™ All Things Real Estate

  • About
    • About Darren
    • Reviews on Zillow
  • Blog
  • Buyer/Seller Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
  • Contact

Negotiation Tips: How to Ask the Seller to Pay the Closing Costs

September 25, 2020 by Darren Orshoff

Negotiation Tips: How to Ask the Seller to Pay the Closing CostsYou’ve found the perfect new house or condo, and you are now preparing an offer that you believe the seller will find tempting enough to accept. However, you know that there are going to be thousands of dollars in closing costs that need to be paid before the sale is completed and you become the home’s new owner.

The question is, should you ask the seller to pay some or all of the closing costs? In today’s blog post we’ll address this question and list a few scenarios in which you may want to consider having the seller pick up the tab.

Ask if You’re Offering the Full Listing Price

If you’re prepared to offer the full asking price for the home you can certainly include the caveat that the seller assist with some or all of the closing costs. Many sellers will price their home slightly higher than they expect to receive as they believe that buyers will submit low initial offers which need to be negotiated.

For example, if a home is listed at $275,000 a seller might actually be expecting $260,000 or $265,000 for it. You can offer $275,000 but ask that they take care of the closing costs.

Ask if You’re Confident the Seller Has Few Other Options

If the home has been on the market for a number of months or if you’re fairly confident that the seller isn’t going to find much luck elsewhere you can ask them to pick up the closing costs as one of your purchase conditions. You’ll obviously want to negotiate in good faith, but if you’re coming from a position of strength you can leverage this in to some additional savings.

Ask if You’re Ready to Close Immediately

Are you ready to sign on the dotted line today? If you’re sure that this is the right home for you, let the seller know that as long as they’re willing to assist with the closing costs and accept your bid that you’ll start the closing process today. Nearly all sellers will be willing to make a small sacrifice to get the deal done.

As you can see, there are a number of situations in which it makes sense to ask the seller to shoulder some of the closing costs. If you have found a home that you wish to purchase and you’d like advice on how to proceed, contact a real estate agent today. An experience real estate professional can help you craft an offer that the seller won’t be able to refuse.

Spread the Love!

Filed Under: Home Buyer Tips Tagged With: Buying A Home, Home Buyer Tips, Negotations

Darren Orshoff

Contact Darren


REALTOR®
CALL (951) 323-2119
CalBRE # 01803671
Logo

Connect with Me!

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.
February 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
« Jan    

Looking For Something?

Categories

NMLS# 235872 with Loan Depot.
231 E. Alessandro Boulevard, STE A-101
Riverside, CA 92508

Copyright © 2021 · Powered by MySMARTblog