Did you ask seller to help with closing costs?

[Anonymous]

LOL, not going to happen anymore with close in and desirable areas

[Anonymous]

We did and offered over asking price to account for it on a house we really loved. It nonetheless pissed the sellers off and they gave it to another couple with a lower bid that wasn't seeking any closing assistance. Guess they felt we weren't as financially sound....we did need the help with closing costs but would have had no problem affording the house.....oh well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My agent took this into accouny when telling me how much the offer is for. Even the comps sheet from the realtor take the closing cost assurance into account when showing actual Selling price. And I also assumed it meant the buyer didn't have enough cash on hand. I was proven right when they needed to add a cosigner to their loan.

How do you know what they added to their loan?

Tell me what info you have access to before I buy another house so I will know. I bought from Uncle Sam so that is different.

PP here. Buyer had to amend their offer to add an additional buyer, the cosigner.

[Anonymous]

Anonymous wrote:No. And as a seller, I know what it is - a not full price offer, but I'm supposed to pay commission on the whole thing. The market would have to be pretty bad for me to consider it.

Agree. I just sold my house and rejected an offer that asked for a percentage of closing cost but purported to be a "full price offer." In reality, it was 15K under full price. Rejected that one outright--no sign back. The winning offer came in over asking but asked for a certain amount in a seller concession. Basically they wanted the sale price to be a certain amount but have us pay them some at closing. Even with the concession, the price was over asking price but we refused to play that game and pay closing costs (realtor fees) based on a percentage of a fake sale price. We subtracted the concession amount from the offer and signed back at that price. Sold.

If you are in competition and if the house is priced well, don't mess around with that kind of stuff. Ask for a home inspection contingency and maybe a home warranty. We were fine with that stuff but not with some BS about concession. Don't convince yourself to ask for a concession but saying "well the roof is old or the bathroom is old." A smart seller and seller's agent has already built the condition of the home into the sale price.

[Anonymous]

our offer was accepted from 2 other offers of equal amount w/ no closing costs, but it was full price with no closing cost help and no home sales contingency.