Up front costs (closing costs, insurance and tax prepaids, inspections, appraisals, etc.) would be about 3% of the purchase price.

She would have a few grand in closing cost and prepaids and you would probably have a grand or so in closing costs plus the costs for her to deed it to you.If she just does a cash out refi and waits until April, and the house does appraise for $80K, then she could get back about $60K.

I am 99% of the way through a deal, closing on Monday (today is Thurs)... but the seller just pulled something I have not seen before:We negotiated that the seller paid 12k towards "Closing costs and Pre-paids"They are now saying that they will only cover 9k, the difference is that the taxes for the year were already paid by the seller and therefor we are paying them back the balance and they don't consider that a pre-paid.

They are just dumb about how they do the prepaids at closing.

It's my understanding that these fees are not added to the basis, they are ammortized over the loan term - much like prepaid interest.

When you sell the LLC, you will want to sell for your fee, plus your EMD and any other amounts you have pre paid for.

My cell phone is a straight talk unlimited service prepaid phone that costs me $51 dollars a month to refill with that plan.

The bottom line is, when a buyer asks for $$$ from the seller toward closing costs, pre-paids, atty fees, etc, how much of that is negotiable, and in what form?

We already collected and prepaid the fee so hopefully it doesn't ask him to pay again!

there may be other "prepaid" costs as well..