Welcome back everyone to “The Really REAL Real Estate Podcast!”
As we enter into the final week of May and we wrap up our “Back to Basics” mini-series, we thought it would only be appropriate to wrap everything up by talking about the closing! That’s right, today, we are talking about all things related to the closing costs for buyers and sellers when it comes to buying or selling a home as well as reviewing what it means to give or receive seller assist as part of the closing!
TALKING POINTS (3-5):
- Introduction
- CLOSING COSTS:
- SELLER:
- Mortgage
- Transfer Stamp
- Realtor Commission
- Title Fees
- BUYER:
- Down Payment
- Closing Costs
- Escrows
- SELLER ASSIST:
- Seller assist is when the seller helps pay the buyer’s closing costs
- Seller assist is taken off the net offer
- Max. seller assist allowed per loan:
- VA
- FHA
- Conventional
- Under 10%
- 10-25%
- 25% or more
Seller assist is ONLY for closing costs!
- Negotiating seller assist
- This is difficult right now!
- Final thoughts
HASH TAGS:
#buyingahome
#sellingahome
#closingcosts
#sellerassist
LINKS:
JASON:
https://jasonwilcox.cbintouch.com/
https://www.zillow.com/profile/jasonwilcox1987/
Jason's You tube channel
https://www.facebook.com/jason.wilcox.186
https://twitter.com/jason_wilcox1
https://www.instagram.com/jason.wilcox1/
CONTACT INFORMATION:
JASON:
Cell Phone: 412-651-4638
Email: jason.wilcox@pittsburghmoves.com