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Updated about 3 years ago on . Most recent reply

User Stats

165
Posts
45
Votes
Jonn Vidal
  • Bel Air, CA
45
Votes |
165
Posts

GROSS OFFER Buyer to pay 'All' Closing costs even Xfer Tax! Okay?

Jonn Vidal
  • Bel Air, CA
Posted


Is that ok at NY closing table or is Cash Buyer just fluffing?

I'm thinking hmmm what about say (besides commissions if any): Closing attorney, Property Tax Adjustment (usually $500?) and that thing where you 'have' to credit buyer 500 if was selling as-is where is etc ie not fully completing property condition disclosure document, etc? Not sure what to consider their offer, is there a term for that, ie 'Flat' offer, 'Gross' (or net?) offer, or what? 

And is it permissible? Know Net Listings aren't.. but what about Gross Offers like this?

Most Popular Reply

User Stats

8
Posts
3
Votes
Laila Latif
  • Interior Decorator
  • Columbus, OH
3
Votes |
8
Posts
Laila Latif
  • Interior Decorator
  • Columbus, OH
Replied

I am also from Ohio & I had to do the same thing as @Sarah Bojorquez. I was eager to purchase the property for my mother, so I didn't think twice about it. 

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