Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, August 7, 2015
Closing Cost Credit

Just more than half (0.2% more than half) of sellers in 2015 have paid for some or all of the buyer's closing costs via a credit at settlement.  This is an increase over previous years, particularly over 2014. 

Closing Cost Credit

The average amount of that closing cost credit is not increasing -- it is still  hovering around an average of $4,000.  Of note -- that means that quite often the closing cost credit is higher than $4,000. 
  
So, is a seller paying a buyer's closing costs something that is normal, to be expected, likely to happen if you are selling your home?  Yes, certainly so!  Expect it, and be ready to negotiate offers accordingly.