|
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 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.
|
