Quote:
Originally Posted by TimidGuy
What do you do to minimize the closing cost when purchasing a home? How helpful can your attorney be?
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in this market, i would not pay more than 1¢ in closing costs.
we closed on a condo and paid $0.24 closing costs, but that was due to some miscalculation on the banks parts. we would not even think about going into contract with the seller paying all closing costs, escrow, tax, appraisal, post inspection everything. the only think we paid at closing was the rest of the down payment and of course the extra $0.24 from the bank error.
yes you need have your realtor (to make sure its in the original contract) and lawyer (to make sure it actually happens) working on your side. the seller tried to get out of paying closing cost about 1 week before closing but our lawyer talked some sense into them.