Why Would the Seller Pay Closing Costs
Closing Costs Aren’t Cheap
The Bad News
It’s possible that by raising the selling price on a home will have an effect on the appraisal. Specifically, the house may not be worth the selling price plus an extra $8000. And that may prevent you from getting the mortgage that you need to go ahead with the purchase. A good Realtor can do a Market Analysis which should give you an idea as to whether or not the appraisal should come in at a workable number.
This is a way to conserve cash for the closing, while adding a very small amount to the monthly payment. Have your Realtor structure the contract in a way that will allow this to happen. And if your Realtor doesn’t know how, maybe you need a different Realtor.
Hey – here’s an idea. Call us, call Bunny and Art Reiman – Realtors – we know how to make this happen.