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Updated over 2 years ago on . Most recent reply

Brandon Shepherd's profile image
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Brandon Shepherd
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  • from Baltimore, MD
  • Member since Dec 11, 2019
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Brandon Shepherd's profile image
Brandon Shepherd's profile image
Brandon Shepherd
  • Investor
  • from Baltimore, MD
  • Member since Dec 11, 2019
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Brandon Shepherd
  • Investor
  • Baltimore, MD
4
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13
Posts
Private Lending & Conventional Mortgage Advice

How to persuade a seller to pay for closing cost?

Brandon Shepherd
  • Investor
  • Baltimore, MD
Posted

Hi,

I am a first time buyer under a FHA loan for a $350,000 home; down payment of 3.5%.

I’m a little nervous, while raising capital, if the seller will cover my closing cost. I am currently saving capital under the guise of the seller not helping. Is this the right way to think or will a seller almost 100% of the time cover this cost?

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    Russell Brazil
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    Russell Brazil
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    Russell Brazil
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    ModeratorReplied

    Increase the sales price and ask for the increase back as a closing cost subsidy keeping the net to the seller the same.

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