Before diving into the disadvantages, it’s important to understand what seller-paid closing costs are. These are fees and expenses associated with closing on a home that are usually paid by the buyer. However, the seller can offer to pay some or all of these costs as a way to incentivize the buyer to purchase their home. Examples of these fees include title insurance, appraisal fees, and transfer taxes.
What Are Seller-Paid Closing Costs?
як Triani Jusmadi Jusmadi (2023-07-11)
Before diving into the disadvantages, it’s important to understand what seller-paid closing costs are. These are fees and expenses associated with closing on a home that are usually paid by the buyer. However, the seller can offer to pay some or all of these costs as a way to incentivize the buyer to purchase their home. Examples of these fees include title insurance, appraisal fees, and transfer taxes.