Closing Cost?
Can someone please explain to me who pays for the closing cost if im wholsaling a deal. the buyer or the seller? i really need to know because i need to figure out what to put on the contract when im filling it out with the seller...
thanks........
usually the buyer, but if you put in the contract for the seller to pay closing cost and they except then the seller pays it. If the decline then you the buyer will have to pay for it. I would put it in the contract for the seller to pay for it. and go from there. thats what I usually do.
I agree with goodloe, as you are selling the contract, having a percentage coming back from the seller or covering closing costs makes it more attractive to wholesale.
[addsig]
Can you make the seller pay half and my buyer pay half closing cost?
I reccomend reading Herbert Cohens "You can negotiate anything"
[addsig]
so is that a yes or no?????
you can't "make" them, only if they agree.....km
So say if they agree to pay for half of the closing cost where do i put that in the contract?
thanks.........
list it under conditions of sale......km
as long as its in the contact and signed by the buyer or seller it's binding........km
Thanks...