Let’s talk closing costs.
Home prices have risen across the country, and in many areas, the hot market has transformed a buyer’s haven into a seller’s market. With that change, buyers may have less leverage than they did during the market’s down years. Despite that, here is how you may still be able to obtain a seller credit for closing costs. A credit for closing costs involves the seller of the property you’re interested in purchasing receiving less net proceeds in exchange for crediting you monies at closing. Also known as a seller concession, a credit for closing gets your foot in the door with less of your own funds needed.
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