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912
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Patrick Philip
  • FL
107
Votes |
912
Posts

Is it normal for seller to pay buyers closing costs?

Patrick Philip
  • FL
Posted

I listed a house for sale several days ago for $169,000. I got an offer 3 days later for $200,000(!!!).

While reading the purchase agreement, I noticed an additional clause that said that I was to pay up to $3,000 of the buyer's closing costs.

I still agreed because I was extremely happy to have gotten $31,000 more than I listed for, but is this normal?

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152
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119
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Jason Lavender
  • Flipper/Rehabber
  • Wichita, KS
119
Votes |
152
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Jason Lavender
  • Flipper/Rehabber
  • Wichita, KS
Replied

Buyers routinely ask for seller to pay closing costs. You don’t have to though. Congrats on the profit! Was this property that underpriced or just a fluke buyer?

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