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Updated almost 8 years ago,

User Stats

58
Posts
5
Votes
DG H.
  • Real Estate Agent
  • Mineral Wells, TX
5
Votes |
58
Posts

Seller Concession

DG H.
  • Real Estate Agent
  • Mineral Wells, TX
Posted

Has the tide turned to Sellers "having" to give sell concessions in the way of closing cost or down-payments on FHA loans?
I have a new total rehab. I've even put in new appliances, new privacy fence. This property is better than it was when it was built.
I've had it on the market for 30 days. I have a contract but buyers are going FHA..and need 3K in closing.
I don't want to give away 3K but I want to sell the property. I've never sold FHA before. Can someone give me pointers on FHA loans..good bad and ugly.
I'm going around in circles on this one.
There's not a lot of room to make my money if I'm giving 3k up front plus Realtor fees and my closing. I didn't go through all of this for pocket change.
Thanks for listening and all replies.

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