Seller-Paid Closing Costs: Can a Seller Refuse to Pay?
Seller-Paid Closing Costs: Can a Seller Refuse to Pay?
Abstract
Closing costs are a common hurdle when it comes to buying a home, but they don't always have to be. In some cases, the seller may be willing to pay all or some of the buyer's closing costs. This can be a great way to sweeten the deal for the buyer, but it's not always necessary. Here's what you need to know about seller-paid closing costs. What Are Buyer-Paid Closing Costs? Closing costs are fees associated with the purchase and sale of a home. These costs can vary significantly from one transaction to the next, but they typically range from 2% to 5% of the home's purchase price. Some of the more common closing costs include: Origination fees Appraisal fee Home inspection fee Title insurance Attorney's fees Transfer taxes Recording fees Unlike the seller, a buyer is usually paying for these Continued The post Seller-Paid Closing Costs: Can a Seller Refuse to Pay? appeared first on FastExpert.