How to Ask the Seller to Help Pay for Closing Costs
It's an incredibly competitive housing market out there right now. Home values are going up throughout the country. As a result, prospective buyers are having to make higher offers in many cases to get a home. While it's a seller's market right now, that doesn't mean you have no negotiating power if you're the one buying a home . Negotiating seller concessions can help offset the cost. We talked to REALTOR ® and Certified Negotiation Expert (CNE) Ina Sajovich about the best way to ask for and get sellers to accept your request for concessions to help with closing costs. What Are Seller Concessions? Seller concessions are parts of the closing costs on your home that you negotiate to have the seller pay . This can help cut down on the amount you need to bring to the table at the end of the transaction. Sellers can agree to help pay for things like property taxes, attorney fees, appraisal inspections and mortgage discount points to lower your interest rate. The exact...