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Updated almost 10 years ago on . Most recent reply

User Stats

6
Posts
1
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Austin Hutcherson
  • Real Estate Consultant
  • Long Beach, CA
1
Votes |
6
Posts

Wholesale Closing Costs for Los Angeles County

Austin Hutcherson
  • Real Estate Consultant
  • Long Beach, CA
Posted

I read on a title company's website that the seller pays majority of the closing costs. I understand that this is the traditional way things go, but does it have to be done this way or can the buyer pay all closing costs?

Can any of the investors and/or wholesalers shed light on this topic for me please?

  • Austin Hutcherson
  • Most Popular Reply

    User Stats

    472
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    272
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    Joshua McGinnis
    • Rental Property Investor
    • Beverly Hills, CA
    272
    Votes |
    472
    Posts
    Joshua McGinnis
    • Rental Property Investor
    • Beverly Hills, CA
    Replied

    Everything is negotiable, especially in a wholesale contract. If you have a good deal and think the price leaves enough room to justify the buyer paying closing costs, then go for it. 

    Given the lack of inventory In L.A.'s currently market, you have justification for asking the buyer to pay for these costs.

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