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Fewer Sellers Providing Closing Cost Credits |
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![]() Only 39.3% of sellers have paid for a part the buyer's closing costs on home sales that have closed thus far in 2016. This marks a decline from the 47.7% of sellers who paid buyer closing costs last year. However.... ![]() As shown above, the amount of closing costs that sellers are paying is certainly increasing. The average amount of closing costs paid by a seller (when a credit was provided at all) has increased from $4,150 (in 2015) to an average of $4,328 in 2016. Also of note.... ![]() As shown above, of the sellers who are paying buyer closing costs, it is most common for them to pay between $4K and $6K towards the buyer's closing costs. So....if, as a seller, you are asked to pay the buyer's closing costs -- you are not alone (40-ish percent of sellers do) and you will likely be asked to pay $4K - $6K. Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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