Motivated Sellers Are Willing To Pay The Costs!

Buyers are asking for help with the closing costs, and they are getting it. This is commonly happening in the Fresno market these days. Most of the transactions I see today, the buyer is asking for at least 3% of the purchase price to be contributed to the buyers closing costs. There are truly motivated sellers that are negotiating on purchase price as well as closing costs. I counsel my sellers to expect to see this kind of activity when they list their home, so it is not a surprise when they recieve an offer with these terms. Most lenders will allow up to 3% of sales price to be contributed to the buyers closing costs. Some lenders allow up to 6%, however this seems rather excessive if you do the math.