Not likely at all actually......

Not likely at all

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

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

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!

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

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

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

Eve

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.

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

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

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

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

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.

What sellers market is this?

Anna Banana Kruchten, CRS  nailed this one!

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). 

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.

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.

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. 

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

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

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.

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

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

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.

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

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.

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

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

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

Not at all.

Not experienced it.

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.

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

Doesn't really happen.

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

high acceptance rate

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

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

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

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

Not likely in many situations.