Closing Costs: Should You Agree To Pay Them?
Kachi Realty
Closing Costs: Should You Agree To Pay Them?
Closing Costs: Should You Agree To Pay Them?
Many of the closing costs on the sale of a home usually fall to the buyer, who is responsible for paying a variety of fees in order to finalize the sale. In some situations, a seller may offer to help with these costs or even cover them in full in order to help complete a sale. This isn’t always a necessary or even appropriate move, but in the right situation it can sell a house faster.
When To Offer To Pay Closing Costs
As a general rule, a seller should consider offering to pay the closing costs when they really need to get the home sold fast. Offering such an incentive may mean that your home sells faster and more easily than had you not offered.
You might also offer to pay closing costs if you have a lot of equity and will make a good profit off the sale. In a market when it is harder for buyers to get loans or come up with down payments, sometimes a seller who is motivated and has the extra equity to handle closing costs can make the difference between buying a home and waiting to save up even more money.
When To Let The Buyer Pay
In most cases, if the topic isn’t brought up in the negotiations, you can simply allow the buyer to handle the closing costs and not worry about it. This is the traditional way home sales are handled, and most buyers are aware of it and prepared for it.
If the buyer does request that you pay the closing costs as part of the negotiations for the sale of the home, consider whether or not you really want to accept their offer. If you have a lot of interest in the home and potential for more offers to come in soon, then you can probably safely refuse in your counteroffer. Odds are good that in such a situation the buyer will back down on the closing costs.
Splitting The Costs
You may want to consider splitting the closing costs with the buyer in order to save you both some money and get the deal to go through more smoothly. You can work the details out in your negotiations with the buyer. This is often a good compromise.
Remember that as the seller, you are not required to handle the buyer’s closing costs, and the choice to do so should benefit you in some way. Weigh the pros and cons before making a decision.
Useful Information from Kachi Realty LLC
Cut your energy costs with easy home tips. Learn how smart lighting, efficient appliances, and simple thermostat tricks can help you save energy and money year-round.
WAYS TO GO GREEN IN THE KITCHEN Start a garden. Whether you opt for a full-out vegetable garden or a small window of fresh herbs, the taste of freshness will be unmistakable! Shop locally! Visit local farmers markets or choose locally produced produce whenever possible. Bring your own bags when you visit the grocery store. Switch to energy-efficient light bulbs. Save time and energy by cooking a double portion and setting half aside in the freezer for a quick meal at a later date. Get energized and leave the appliances alone. Whenever possible, mix and beat ingredients by hand, cook multiple items at the same time, and avoid washing dishes unnecessarily. Use energy-efficient appliances such as the slow cooker or toaster oven, which can use up to 30% less energy. Be aware of energy wasters such as excessive pre-heating or simmering. Ditch the wraps (such as saran wrap or foil) and make the switch to reusable containers for lunches and leftovers. Put a lid on it! Did you know that cooking with lids could save up to three times the energy? Keep all that steam inside the pot for a more energy-efficient (and faster!) meal. Go fresh—say goodbye to excessively packaged foods, which are often produced using processes that are harmful to the environment. Cooking meals from scratch using fresh ingredients is not only healthier, it’s often less expensive and better for the environment. Decide what you are looking for before you open the fridge, and never keep the door open longer than absolutely necessary.
Water Features For Your Yard A water feature can make a major change in your yard, and there are plenty of different ways to go about adding one. From a simple and small fountain to a koi pond or waterfall, you can use water to create a peaceful sense of a real escape from life in your yard. Small Water Features For small yards or for those looking to add something simple, a basic fountain is easy to add. They come in a variety of types, shapes, and sizes and can fit into any landscaping. Your fountain can be a centerpiece for the yard or can be placed near the patio. You can even get a small tabletop fountain for the patio table. Most fountains are easy enough to install by yourself. They use a pump system that circulates the water and keeps the fountain running. Follow all of the instructions for set-up, use, and care that come with the fountain and you can enjoy the sound of trickling water for many years to come. Adding A Pond A pond is a really eye-catching and special addition to any yard. You will need some space for it, but even smaller yards can manage one. Koi ponds are a very popular choice, as the fish are lovely and create an ambience in the yard. They fit in well with any sort of Japanese or other Asian landscape design, but really extend into other styles as well. Make sure your pond has a system for keeping the water circulating and clean; standing water can become a breeding ground for mosquitoes, and it can get quite dirty over time. It’s best to have a professional install the water system for your pond. Waterfalls You may not be able to have Niagara Falls in your yard to enjoy, but you can get a waterfall added as a feature of your yard. These can be falls that descend over a rock wall, a small stream that runs over consecutive drops in a sloped yard, or something in a corner where water falls down into a small pond. A waterfall adds the sound of moving water to the air all the time. Be sure you have proper drainage for the water system. Water features are a beautiful addition to any yard, and your imagination is really the only limit. Many professionals can help you to design the water feature that is right for your yard and your needs.