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re: Let's talk closing costs for home buyers
Posted on 3/20/16 at 4:29 pm to MoreOrLes
Posted on 3/20/16 at 4:29 pm to MoreOrLes
quote:
Do realtors play a part in convincing sellers to pay a portion of closing costs during a home purchase?
quote:
No, this is being driven by loan originators.
What? The negotiation for the transaction is done by his realtor if he has one and he can certainly instruct the realtor to attempt to negotiate closing costs paid by the seller into the transaction. The loan officer has nothing to do with this negotiation. The loan officers job once he has the loan is to finance and close the loan according to the terms of the real estate sales contract and the terms of the entity giving the loan.
Posted on 3/20/16 at 8:13 pm to VABuckeye
quote:
What? The negotiation for the transaction is done by his realtor if he has one and he can certainly instruct the realtor to attempt to negotiate closing costs paid by the seller into the transaction. The loan officer has nothing to do with this negotiation. The loan officers job once he has the loan is to finance and close the loan according to the terms of the real estate sales contract and the terms of the entity giving the loan.
The loan originators are always telling buyers to ask sellers for some or all of their closing cost.
This is a fact
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