How to get the seller to pay your closing costs when buying a home.
If you want to keep more cash in your bank account, you need to use the Seller Assist strategy. Sellers do not usually offer to pay your fees on day one, so timing is everything.
Here is the exact step-by-step strategy to make it work:
1. Check the Days on Market: Open Zillow, Redfin, or Realtor.com.
2. Filter your search: Look specifically for homes that have been sitting on the market for 14 days or more.
3. Understand seller motivation: Once a house crosses the two-week mark without an offer, the seller usually becomes much more motivated to negotiate.
4. Restructure your offer: Instead of just asking for a flat price reduction, have your realtor submit an offer requesting a Seller Assist. This means the seller agrees to credit a portion of the sale money back to you at closing to cover your taxes, fees, and loan costs.
If you target the right properties, sellers are highly likely to accept this term just to get the deal done.
Save this video to remember this strategy, and share it with someone who is actively looking for a home in the PA area.
Ready to get pre-approved and calculate your exact numbers? Let’s talk.
Marat Tsirelson
The Lending Group Co.
Phone: (267) 400-0763
#PhiladelphiaMortgage #PhillyRealEstate #ClosingCosts #SellerAssist #HomeBuyingTip