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Updated over 5 years ago, 03/29/2019
Closing costs buyer or seller for cheaper down payment.
We are looking to buy a property that we are planning on house hacking and want to get in for as little up front costs as possible. The seller has a number they want to get for it. Would it make sense to add an extra 10k on to the purchase price and stipulate that seller pays all the closing costs? Would I be able to get into the property for just the down payment amount without the additional closing costs, as long as costs do not exceed 10k? I am going to be using traditional bank financing.