Ep 156 “Back to Basics – Part 4 of 4: Closing Costs and Seller Assist”

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/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber 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: [email protected]