Get sellers to pay closing costs
REThink Real Estate
By Tara-Nicholle Nelson, Thursday, December 4, 2008.Q: I hear that sellers are more often chipping in on costs that are typically paid by the buyer (like inspections, closing costs, etc). How can I find out how often that's happening in our market?
A: You are smart to understand that market dynamics are highly localized -- what is standard practice in Missouri might be completely unheard of in Texas. Generally speaking, though, it is the case that in the current buyer's market (which exists everywhere relative to the market of several years ago), sellers are more likely to contribute to buyer's transaction costs.
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