How Financing Details Affect Your Offer

Closing Costs and Financing Incentives


There may be times when, as part of your offer, you request the seller to pay all or a portion of your closing costs or provide you with some other financial incentive. One common request is asking the seller to provide funds to temporarily buy down your interest rate for the first year or two. Such incentives can be especially effective if a buyer is tight on money or pushing their qualifying ratios to the limit.


Whenever you ask for incentives such as these, you will probably find the seller less willing to negotiate on the purchase price of the home. After all, what you are really asking for is to have the seller to give you some money to help you buy their house. The end result is that for a little relief in the beginning, you are willing to pay a little more in the long run.

Gretta Sheffer Minnema
Gretta Sheffer Minnema
10791 Los Alamitos Blvd Los Alamitos CA 90720