Real Estate Consultant · Long Beach, CA · Member since 2015 · 6 posts · 1 vote
I read on a title company's website that the seller pays majority of the closing costs. I understand that this is the traditional way things go, but does it have to be done this way or can the buyer pay all closing costs?
Can any of the investors and/or wholesalers shed light on this topic for me please?
Rental Property Investor · Beverly Hills, CA · Member since 2014 · 472 posts · 272 votes
11y
Everything is negotiable, especially in a wholesale contract. If you have a good deal and think the price leaves enough room to justify the buyer paying closing costs, then go for it.
Given the lack of inventory In L.A.'s currently market, you have justification for asking the buyer to pay for these costs.
Rental Property Investor · Beverly Hills, CA · Member since 2014 · 472 posts · 272 votes
11y
Everything is negotiable, especially in a wholesale contract. If you have a good deal and think the price leaves enough room to justify the buyer paying closing costs, then go for it.
Given the lack of inventory In L.A.'s currently market, you have justification for asking the buyer to pay for these costs.
Solo 401k and SDIRA Consultant · Orange, CA · Member since 2013 · 873 posts · 498 votes
11y
Ditto. In fact we're in escrow on a home in Los Angeles right now where there was plenty of room for my investor to offer to pay for all the buyers services. This is a flip but could have easily been a killer wholesale deal as well.