Pro tip from a realtor in Des Moines saved me $8k on closing costs

My realtor Karen told me to ask the seller to cover part of the closing costs instead of lowering the price. I thought she was crazy because who says yes to that? But she showed me the numbers and buyers in that market do it all the time. The seller agreed to pay $8,000 toward my closing costs after we bumped the offer up by the same amount. Totally made my monthly payments easier since I didn't have to drain my savings. Has anyone else tried this strategy and had it work out?

2 comments

2 Comments

faith_lopez4813d ago

Oh yeah, that trick works like crazy in my neck of the woods too. My realtor had me do the same thing and the seller covered almost $6k without even flinching.

the_henry13d ago

Whoa that is wild! $6k is no joke, I bet that felt amazing when it worked out. It's crazy how sellers will sometimes just say yes to those things if the request is framed right. I think the key is getting a realtor who actually knows what they're doing with that kind of negotiation. Makes you wonder how many people just leave money on the table by not asking.