Michelle E Davis, Converting Transactions into Relationships! (Keller Williams Greater Cleveland Southeast)

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Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ

Not likely at all actually......

May 23, 2017 05:17 PM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not likely at all

May 23, 2017 08:08 PM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

The seller cares about the net and terms that are important to them, so we have gotten closing costs covered by raising the purchase price or finding other ways to accomodate the seller like a quicker or longer closing time frame depending on what they need, seller rent back or something that the buyer is flexible on.  And if the house will appraise for higher and you raise the purchase price to cover the additional closing costs the seller nets the same.   Asking for closing costs is really common in my area, even in a sellers market. -Kasey

May 23, 2017 04:49 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I have not even attempted since we did not feel that sort of offer would be competitive with multiple offers at and above asking

May 23, 2017 09:08 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

99% of the time no way Jose!

However, my VA sellers just allowed it from our VA buyers who needed it, but they overbid to get it. They also lost it should the appraisal not come in, but it did, so all were happy!

May 23, 2017 06:23 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Not going to happen especially when you are up against cash offers.

May 23, 2017 04:47 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

In a give & take...anything can be traded for. Who pays is the bottom line

May 23, 2017 04:46 PM
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

I rarely have buyers than need closing costs and when I do, it is a deal killer in multiple offers.


May 24, 2017 03:52 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Still waiting for a multiple offer situation, but I still do not kowtow to silly concession demands.

If the buyer wants to welsh on their offer by asking for concessions then we are done and I will move on to the next buyer.

May 24, 2017 01:45 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's difficult but not impossible.  That said, it's been a long time since I've had a buyer request closing costs.  

May 24, 2017 12:17 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Not happening, unless the offer price is way over the other offer.s 

May 23, 2017 08:24 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Sellers are still paying some closing costs but they are getting less and less. 

May 23, 2017 07:21 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

What Kasey & John Boles said - that or after-the-fact (changing the purchase price and adding the SPCCs). 

May 23, 2017 06:16 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I'm not an active agent anymore but if I were representing a buyer wanting concessions, I would recommend they put in some sort of other "incentive" to accept... like what Kasey & John Boles suggested.   I, personally, don't see an ethical issue (like Bob Crane suggested) with the additional commission if the buyer and seller are both getting what they want.  If it becomes an issue, make a commission concession.

May 24, 2017 07:13 AM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

What sellers market is this?

May 24, 2017 06:40 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Anna Banana Kruchten, CRS  nailed this one!

May 24, 2017 06:04 AM
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

From the listing agent side, I can tell you that I just have not had a seller make a contribution to closing costs in a very long side when there are multiple offers. There always seems to be at least one offer with conventional financing, larger down payment and no request for closing costs.  It's nothing against folks who need a little help, it has more to do with the hassle if the property doesn't appraise and the buyers really need the help (vs wanting the help). 

May 24, 2017 05:52 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we're listing agents, and the key to a successful transaction is taking the cleanest deal.... the strongest buyer who does not need financial assistance.

May 24, 2017 05:43 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

It all boils down to the seller net & then after that is the appraisal. Elevating the price means a higher percentage that the sales price won't come in. It's a double wammy 30 days down the road.

I'd regroup with my buyer.

Your buyer would be better to take a loan with zero closing costs & a higher interest rate. No points to seller or less costs anyway. I always find that the LO is behind this 'ask the seller' stuff. Like the seller is an ATM with buckets of cash or something.

May 24, 2017 05:20 AM
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Not often...  While the focus is on net to seller & yes, the choice is always the clients', the concern about appraisal is always alive and well.  With prices going at or above list in M.O. situations, a non-concession offer will most always beat out one with concessions. 

May 24, 2017 04:35 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

It is hard   Sellers don't want to make it harder to appraise

May 24, 2017 04:29 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not... in a multiple offer situation buyers better be putting forward offers with few or no additional contingencies.

May 24, 2017 03:45 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

We have sellers refuse to pay more than 2% commission total.  To make it doable the listing agent takes 100% and let buyer pay their agents. The out of state office one places a sign outside and place property it on local mls. The local agent gets $100.00 from those SFBO as referral listing.

May 23, 2017 09:46 PM
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

As long as the sellers net ishigher than everyone else no problem

May 23, 2017 08:13 PM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It is always about highest and best so that is up to the seller to determine what is best for them.

May 23, 2017 07:33 PM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

If the only component of the agreement is 'pay my closing costs' the seller will say, "NEXT."

However, such an offer coupled with other matters of importance to the seller can create a winning proposal.

Here in coastal Florida, financed buyers who are Tapped Out don't fair well in the traditional resale market. REO are predisposed to being receptive to these 'need help' buyers.

May 23, 2017 06:22 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In Denver we have seen multiple offers for the last 3-4 years, and have not seen any closing costs paid by Seller.

May 26, 2017 04:06 PM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

LOL!  My buyers don't ask for stuff that will get their offer rejected.  Get the loan structured better.  VA does not need seller paid closing costs.

May 25, 2017 11:06 AM
Toronto, ON

There are numerous issues to consider in multiple offer situations, especially in our hot market.

May 25, 2017 10:09 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends how much you offer. I think it is very difficult these days for FHA and VA buyers....

May 25, 2017 12:14 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Michelle E Davis - no reason to ask for seller's contribution unless we really want to win the bidding war!

May 24, 2017 09:39 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not at all.


May 24, 2017 05:13 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Not experienced it.

May 24, 2017 03:16 PM
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Gosh, I know I have, but it's been waaaay back. Worked with one buyer on an FHA loan buy but she ended up getting cold feet. In my experience recently, if they are that tight on cash, it's just an iffy deal. Most of my transactions seem to be cash these days.

May 24, 2017 11:01 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

In my market.  Not. At. All.  I won't even do it as we will be kicked to the curb in a heartbeat.

May 24, 2017 08:51 AM
Kris Swierz
Agency One - Seattle, WA
Because Everyone Loves Real Estate

Doesn't really happen.

May 24, 2017 08:44 AM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Not likely to occur, unless the home has been listed over the average DOM

May 24, 2017 07:05 AM
Harry F. D'Elia III
Avant Garde Residential Management Services - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

high acceptance rate

May 24, 2017 06:58 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

My market isn't that much of a sellers' market and it's still difficult to impossible to get seller concessions.

May 24, 2017 05:53 AM
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

In my local market, we're not hot enough for this to be a problem.

May 24, 2017 05:50 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Those cost must be added to the asking price with a property that will appraise. And then it is not a slam dunk!

May 24, 2017 05:36 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Most often if a buyer needs 3% back, we had it to the asking price.

May 24, 2017 05:34 AM
Roy Kelley
Retired - Gaithersburg, MD

Not likely in many situations.

May 24, 2017 05:06 AM