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Real Estate
Reply to "Closing costs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Hi, I’m selling a house in MD. The last offer I got, the buyer requested 3% closing costs assistance for $560,000 instead of $550,000 (We dropped the price to $550,000). Our agent said it was a common practice because we’re in a buyer market but we decided to decline the offer. [/quote] We sold the house after 3 months on market at $550,000, no seller credits. At last we're done! For some people here it was weird to turn down the last offer but we believed it was unfair. It doesn't matter if it is a buyer market. We were ready to remove the house from the market and rent it for a while if needed. Follow your gut...[/quote] The issue for you didn't seem to the net sale amount, but that you seem to have a philosophical objection to paying closing costs. That doesn't make sense to me unless you're scamming the buyer on the price (in which case the house might not appraise). But that's unlikely in this market.[/quote]
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