At the end of the home-buying process, you will be faced with closing costs, the fees due at signing required to complete a home sale. Closing costs can be expensive, but some of those fees may be negotiable. Check the Market Temperature The nature of the housing market may dictate whether the buyer or the seller picks up various closing costs. If it’s a buyer’s market—a bit cold and homes aren’t selling well—sellers may be more willing to bargain and take on some closing costs. If it’s a seller’s market—the market is hot and homes are selling quickly—the seller has the advantage and little incentive to give the buyer a break. However, you shouldn’t accept any fishy-looking fees without asking first. Which Closing Costs Are Negotiable? What are closing cost, read more.
Tuesday, October 28, 2014
Which Closing Costs Are Negotiable?
Don’t Get Intimidated by Closing Costs
At the end of the home-buying process, you will be faced with closing costs, the fees due at signing required to complete a home sale. Closing costs can be expensive, but some of those fees may be negotiable. Check the Market Temperature The nature of the housing market may dictate whether the buyer or the seller picks up various closing costs. If it’s a buyer’s market—a bit cold and homes aren’t selling well—sellers may be more willing to bargain and take on some closing costs. If it’s a seller’s market—the market is hot and homes are selling quickly—the seller has the advantage and little incentive to give the buyer a break. However, you shouldn’t accept any fishy-looking fees without asking first. Which Closing Costs Are Negotiable? What are closing cost, read more.
At the end of the home-buying process, you will be faced with closing costs, the fees due at signing required to complete a home sale. Closing costs can be expensive, but some of those fees may be negotiable. Check the Market Temperature The nature of the housing market may dictate whether the buyer or the seller picks up various closing costs. If it’s a buyer’s market—a bit cold and homes aren’t selling well—sellers may be more willing to bargain and take on some closing costs. If it’s a seller’s market—the market is hot and homes are selling quickly—the seller has the advantage and little incentive to give the buyer a break. However, you shouldn’t accept any fishy-looking fees without asking first. Which Closing Costs Are Negotiable? What are closing cost, read more.
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