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Reload this Page Closing Cost (loan, real estate, approval, rate)
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Old 05-20-2008, 09:32 PM
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darrell2525 is on a distinguished road
Default Closing Cost
We found the home we wanted at Houston Real Estate - Houston Homes, Houston Home Value and Houston Relocation and do not have real estate agent. The house is $159k and in the contract the seller will pay $6360 of closing cost.

I have not got my approval back from the mortage company yet.

1. How much will my closing cost be for this home.

2. After I sign the contract, can I negioate with the seller to pay more closing cost?

Thank you
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Old 05-21-2008, 09:21 AM
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TimtheGuy is just really niceTimtheGuy is just really niceTimtheGuy is just really niceTimtheGuy is just really niceTimtheGuy is just really niceTimtheGuy is just really niceTimtheGuy is just really niceTimtheGuy is just really nice
Is this property listed on the MLS? If so get your own agent. It won't cost you anything.

$6,360 may actually be too much in seller paids based on what type of loan you are doing. Some loans ony allow 3%. In any case your costs should not exceed this number so you sure shouldn't have to negotiate for more costs unless you are trying to buy the rate down.
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