Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

4
Posts
1
Votes
Jack Stewart
  • New to Real Estate
  • Baltimore, MD
1
Votes |
4
Posts

Ways to reduce or finance closing / escrow Costs

Jack Stewart
  • New to Real Estate
  • Baltimore, MD
Posted

Hey BP gang, was hoping to purchase a house hack in the Baltimore area and just talked to my first lender. They informed me that the money I would owe would twice as much as I expected because I had not accounted for the escrow cost. So that reduces my ability in being able to buy a place unless there some way around this. (I expected CC to be around 11k and I got the 23k total from that lender). 


I know in previous markets, the seller paying closing costs was acceptable, but in today's it is not. I read that there's maybe a grant or program out there that could assist this. Or I could possibly ask the buyer if I could incorporate them in the sale price.

Any advice? Please let me know if I could word this better - it is a little confusing.

Happy Friday,

Jack

Loading replies...