User35075_3_t Thavisak Lucky Syphanthong
Find real estate listings in your city:
Members: 122,705 - 2,405 Online Now  Login
 
my home purchase

In today’s unpredictable Eureka real estate market, sellers and buyers are willing to work together and make compromises to make the real estate transaction occur.  Without reasonable compromises between home sellers and home buyers in today’s real estate market, not many real estate transactions would be taking place and properties would be on the market longer than they should be. 

 

One of the compromises a seller can make is to pay for the buyer’s reoccurring and non-reoccurring closing costs up to 3% of the purchase price.  (The lenders will not allow for more than 3% of the purchase price.) Sometimes buyers can barely qualify for the purchase itself, the home could be their first home purchase, and they do not have the enough savings to cover both the down payment and the closing costs.  So if more and more sellers are able to contribute that 3% of the agreed upon purchase price, they can actively make the sale happen instead of not making it happen and then having to wait for the next qualified buyer, which in this market, is hard to come by. 

 

I have been involved with about three of these seller contribution sales in the past year and I have been on both ends of the deal, the buyer asking for that seller contribution and the seller having to pay that contribution.  Today I put in two separate offers for home purchases that require the seller to contribute up to 3% of the purchase price towards the buyers reoccurring and non-reoccurring closing costs.  If the respective sellers agree, then we have a deal.


 

0 Comments on Eureka CA Home Buyers, have the Sellers Pay Your Closing Costs!

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Thavisak Lucky Syphanthong (Lucky Star Realty)
Thavisak Lucky Syphanthong
Eureka, CA
More about me…
Lucky Star Realty

Office Phone: (707) 442-4851
Cell Phone: (707) 954-7926
Email Me
Eureka and its surrounding communities, such as Crescent City, the Klamath, Smith River, Fort Dick, or Gasquet River areas, are great places to live. Whether you already know which area you are interested in, or are looking, call for some suggestions. Contact me today, and I can discuss any question you might have about buying or selling homes in both Humboldt County and Del Norte County. I also provide Free Market Analysis if you are selling your home. Call Me Today 707-954-7926!
 
Send me a text!
Please enter your name
Please enter your #


Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Eureka real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved