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| Closing Costs and Financing Incentives: |
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| There may be times when, as part of your offer, you request the
seller to pay all or a portion of your closing costs, or provide
some other financial incentive. One common request is asking the
seller to provide funds to temporarily buy down your interest rate
for the first year or two. Such incentives can be especially effective
if a buyer is tight on money or pushing their qualifying ratios
to the limit.
Whenever you ask for incentives such as these, you will probably
find the seller less willing to negotiate on price. After all,
what you are really asking for is to have the seller to give
you some money to help you buy their house. The end result is
that, for a little relief in the beginning, you are willing to
pay a little more in the long run.
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All information deemed reliable
but
not guaranteed and should be independently verified. All properties are subject
to prior sale, change or withdrawal. Neither
listing broker(s) nor Thompson Realty Inc. shall be responsible for any
typographical errors, misinformation, misprints and shall be held totally harmless. |
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