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Updated over 6 years ago on . Most recent reply

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Patrick Philip
  • Florida
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Common for buyers to request seller to pay part of closing costs?

Patrick Philip
  • Florida
Posted

I got a potential buyer, but he says he wants me to pay half his closing costs. He says he's deciding between my house and 1 other, and the other seller is willing to do this. Honestly, I probably will because I just want to get the equity out and move on to the next one. This house was built in 1954 with exterior wood construction. I should have never bought it.

But this is actually the second time I've been asked this. Every potential buyer I've had has been an FHA buyer, so maybe they are scratching themselves thin to be able to afford the houses, so is this something I should expect in the future?

Maybe in the future, I'll buy houses that are newer and will generate so much interest that I won't have to worry about shortage of potential buyers so I can have more leverage.

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,320
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Depends on the market and price point. Houses below the median price point for the market will usually have a seller credit as part of the sale, then above the median price point less so.

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