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How can I get the seller to pay for some of the costs?

Is there any technique I can use to get my seller to help with the closing costs? PLease help me, any penny counts and I know there are ways in doing that. by Marcel_452_815 from Santa Clara, California. Feb 1st 2012 Reply


Ted Erickson (tederickson)
#325 ranked lender in California - 6 contributions

Each seller is different. Thats what you pay real estate agent to do. Negotiate your terms.

Feb 1st 2012
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,707 contributions

Hey Marcel.. it's a buyer's market right now, so asking for closing costs is customary. If you instruct your realtor to ask for the allowable costs to be paid, she will type that into your contract.. so to answer your question.. to get the seller to pay costs... just ask!.. WilliamAcres.com

Feb 1st 2012
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Shaun batin (loanleaders)
#568 ranked lender in California - 8 contributions

Everything is negotiable just ask your realtor to ask the seller to pay up to 1% of the sales price to go towards closing costs or we can do a NO COST LOAN FOR YOU.Call me and we can go over your options on the phone.Shaun BatinLoanleaders of America, Inc.3 Macarthur Place, Suite 650Santa Ana, CA 92707949-269-7159 direct888-834-1988 ext 159888-386-3146 faxshaunb@loanleaders.com

Feb 1st 2012
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Gilbert Ramos (VAHOMELOANS)
#487 ranked lender in California - 54 contributions

Put the request in the offer. You can also receive a credit from your lender to pay for closing costs.

Feb 1st 2012
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Crestico Funding (CresticoFunding)
#315 ranked lender in California - 336 contributions

Hi Marcel,Have you asked your agent to negotiate for you? We are a lender in Los Angeles, we offer no fee, no cost home loans that might also help you accomplish the same goals, for more information please contact Houtan Hormozian @ (310) 933-4748 or email Houtan.Hormozian@Crestico.com

Feb 1st 2012
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

You just have to ask, if you do not have a Realtor negotiating for you. You should use a Realtor because it is no cost you you as a buyer. Good luck!

Feb 1st 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#2 ranked lender in Florida - 794 contributions

Put it in your offer, some loan programs allow up to 3% seller credits.....

Feb 1st 2012
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Bert Carpenter (BertCarpenter)
#38 ranked lender in Arizona - 1,823 contributions

In most markets, a seller concession to pay for some or all of the buyer's closing costs is standard practice these days. This is where having a good Real Estate Agent is important. A good REALTOR (C) knows how to properly value an offer to make sure the purchase price and concessions are in balance to make sure you get the best price while still getting the concessions. It is probable that you won't be able to make a "low-ball" offer and expect the seller to cut the price and pay your costs. But there is a happy medium for both. You want to make sure you are using a seasoned agent to represent you. As a buyer, you don't pay for the REALTOR (C), the seller pays his agent a set commission who then splits it with your agent. Don't use the seller's agent, you want your own agent to represent you only, not you and the seller. Make sure you are pre-qualified before the offer is made so the seller knows you are serious. Work with a local Mortgage Banker Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have access to loan products of many lenders, not just those of one bank, and can properly guide you. But more importantly, He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Feb 1st 2012
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,915 contributions

Just ask. Different mortgage programs have different limits of what the seller can contribute, so be sure to verify the amount with your loan officer, then simply instruct your real estate agent to "ask" as part of your offer.

Feb 2nd 2012
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