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Most Sellers Provide Buyers With Closing Cost Credit

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.
  

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