closing a deal on rental

[Danick St jean]

So I made an offer on a rental that pm says would be a good deal. The seller returns and counter offer it. May sound stupid and I told my realtor I accepted it but want seller yo pay closing cost. Is it typical to have the Buyer pay closing cost. What is the average cost for closing on 8500.00 purchase in memphis? Should I print it out and check accepted and email back or van realtor just submit it for me? 

[Pat McGrath]

it depends on the area. Around here its usually 50/50 but its always negotiable. If you want to save some $ out of pocket then have the seller pay for it and pay closer to their asking price. Lenders are ok usually to have seller credit back for 'recurring and non-recurring closing costs' but only up to like 6%. Each lender may be different though and they may not like even 1 or 2% if the house is cheap (like the other poster mentioned). it still has to appraise as well (for a loan anyway). when i represent buyers i try to get seller to pay for more of them and also a home warranty. If i'm working for the seller, then i say 50/50 and no warranty...both of those are just starting points. Most deals around here end up 50/50 and seller pays the home warranty up to $500.