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Updated almost 5 years ago on . Most recent reply

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ANDI GARCIA
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Negotiation after inspection

ANDI GARCIA
Posted

Hello! My husband and I are buying our first home. After negotiating back and forth, the seller came back and said they cannot go bellow $250k. Now when my realtor says that the closing costs would be rolled in to the purchase price, that would just mean we are financing our own closing costs instead of the sellers actually paying for a dime? Is there any reason why that would be a good purchase, in my eyes Im not getting the dollar amount off and its only increasing my mortgage. 

Thank you for the help,

Andurina

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

A seller isn’t obligated in any way to pay “your” closing costs. You either like the deal at your price, or you don’t. 
It sounds like the seller already Is paying some of your closing, out of the $250k price....that’s the only way they “get rolled into your loan/purchase price”.

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