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Can Buyers ask Home Sellers to Pay their closing costs?
Yes! As my respected Colleague well states below. Yes Buyers can ask Sellers for Closing Costs. More importantly, First-Time-Buyers purchasing in Illinois and/or the Chicago-Southland can resource themselves by visiting http://ihda.org to find grant funding available for down-payment assistance.
What is so cool about this grant funding is it allows for layers of assistance. For example, there may be additional grant money available for location, or if the home is vacant, adding up to a total of a possible $23k in assistance available to First-Time-Buyers.
In addition, I always encourage my Valued Buyers to visit the websites of the Counties and Village Halls of Communities their considering under community relations to discover if there are any incentives offered to Buyers.
Today, a Buyer simply cannot use the excuse of not having enough down-payment as an excuse not to purchase a home.
Is it acceptable for a Seller to Pay a Home Buyers Closing costs? These are 2 common questions and the simple answer is a buyer can ask for anything, whether they receove it is another thing. Different parts of the country have different traditions. However this is a subject I bring up with the Home Seller when Listing a Home For Sale. Here ... more
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