Quote Originally Posted by handicapme View Post
Quote Originally Posted by Indyrick View Post
I just bought a house and something I learned is that you have the seller pay all the closing costs. This will keep them from messing with you on the price negotiations if they are responsible for the costs.
Mind elaborating more on this one? I thought it was the norm that the seller pay all the closing cost regarding the house / banks lawyer fee and the buyer pays bank fees regarding the mortgage... didn't think the buyer had to any of the inspections or anything like that.
I got a government loan and it had costs associated with this so I had the seller pony up all the money for these fees that I would have to cover. I also had them put enough towards closing that I got a .25 percent lower interest rate because they put so much towards closing. In the end it I paid nothing out of pocket to move into the house. figure what is required for closing costs and go above that number and you can find creative ways to use their money to your advantage. In my case lower interest rate and all my escrow money back.