New to selling need answers

[Dustin Lavender]

I’m selling a piece of property. The first in a long line of investments. I do not have to sell it but I’m greedy and it is worth a lot more than I paid for it. I want to be able to work with a buyer. I’ve bought a lot but never sold. My question is, can I offer a buyer cash back on the sale? For instance I could say if you offer full asking price I’ll give $15k back at closing or some such? Is this unethical? Legal? Any thoughts or advice are greatly appreciated!

[Wayne Brooks]

Depends on their financing.....there will be limits on seller paid cost for the buyer, typically 3-6% of their loan amount, and of course the property has to appraise.