I love it when people ask questions because it often turns into a reason to blog, and I assume that others have similar questions as well. A listing client was concerned because she noticed on almost all the recent “sold” comps in her area, the sellers had paid for the buyer’s closing costs or offered them some other type of incentive.
She was worried because she didn’t have several thousand dollars in cash on hand, to pay someone’s closing costs if necessary.
I assured her that if that became necessary to close the deal, she could use money from the sale of the house to do just that, it did not necessitate a large cash infusion straight from her bank account.
Another thing that I always remind sellers is that you don’t have to take ANY deal. You can always say no if you’re not getting what you want out of the process.
Sure, offers aren’t as plentiful right now as they once were, but your right to say no certainly has not been taken away!
If you have any questions about buying or selling a home, please give me a shout at beth@bethskinner.com.
photo credit: masochismtango
