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Updated 10 months ago,

User Stats

30
Posts
5
Votes
Rajiv R.
5
Votes |
30
Posts

Negotiating Closing Costs

Rajiv R.
Posted

Excuse the rookie question as maybe it's obvious, but having only purchased a primary property a couple years ago and under contract to purchase my first investment, looking for some guidance (not expecting a line by line breakdown). 

Which of the closing costs are generally up for negotiation? I imagine "Loan Origination" and anything paid to the bank itself can be negotiated but I am being quoted different amounts and line items are labeled differently in each quote (e.g. Credit Report fee is $56 vs. $200; I don't see a "Closing Protection Letter"  or "Abstract" in all of the quotes).

Two varying examples below:

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