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Updated over 11 years ago on . Most recent reply
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Closing Costs . A frequent issue.
Hi! I am Zach Schaar. I am a new wholesaler to Columbus, OH. My last 2 appointments, something interesting has happened, and I'm interested to see what negotiation skills people use to work around the issue.
The #1 thing that has happened to me both times that they would accept my offer, IF buyer (end buyer) would pay all closing costs. I estimated the closing costs with my title company to cost anywhere from 5-800 dollars.
Example: Purchase Price of $9,000 offer was accepted under terms that end buyer pays closing costs, which in this case we'll say totals $800.
Could I write on the contract Total Purchase Price $9000 and then underneath that include a line that says "Net To Seller", and put $8200, or $9k-fees. I mean basically they would be taking the closing costs out of the proceeds of the sale.
I just want some good solid advice on this issue.