Who pays for closing cost?

Status: Open
Mar 28, 2015 Views3,063 Answer a Question

Is it sellers 100% or buyer?

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Consumer
Categories:
Home Selling
About 8 years ago
Sellers and buyers both have their own set of closing costs. A seller will pay the realtor commission, some Title Co fees, usually the Title Policy, home warranty, prorated property taxes and HOA dues.
About 8 years ago
The Closing costs are negotiable. The seller may pay costs on behalf of the buyer up to 6% on certain financing. The buyer may also qualify for closing cost assistance through a Down Payment Assistance program. If you need more information, I'd love to help you. Tamara Barnett-Mimms with Texas Home Group
About 8 years ago
Good evening! As others have said, payment for closing costs is entirely negotiable. Realtors fees usually will be paid by the seller, as well as the title policy. Costs that are associated with obtaining the loan, such as the lenders title insurance, usually are paid by the buyer. In a sellers market, such as we are currently experiencing, the seller may expect the buyer to take on the brunt of the burden. But again, it is all completely negotiable. Hope this helps! Andrea Usanga REALM Real Estate Professionals - Sugar Land Phone: (832) 577-4602 Email: ahinckson@yahoo.com Web: http://www.har.com/AndreaUsanga "Going the Extra Mile to Bring You Home"
About 8 years ago
Negotiable
About 8 years ago
The buyer(s) and the seller(s) each have closing costs during a real estate transaction. If the buyer is financing they will have costs associated with the lender. There are also fees to the title company, taxes to be prorated, and possibly HOA fees to be prorated. The seller typically pays the REALTOR fees though everything is negotiable. These are just a few of the possible fees. To receive a more complete list of fees contact me directly. I can help you contact a local title company. I hope this was helpful! Dori Lacamu Broker Associate Keller Williams Metropolitan (281)788-0495 Dori@DoriLacamu.com www.DoriLacamu.com
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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