I can't negotiate closing costs?? (negotiation, fees, settlement, deposit)

[jumponit]

Hello everyone,

I am closing on my house tomorrow (in Maryland), and wanted to know how truly negotiable are the closing costs that I see on my HUD? I just wanted to know if it was commonplace for buyers to negotiate so close to closing, however I just got my statement yesterday.

Any input/advice is appreciated!

Thanks!
Seth

[2bindenver]

Enjoy your house. Compare your good faith estimate with your settlement statement. It would be too late with closing tomorrow to negotiate. At this point you either buy or lose your deposit.

[399083453]

Well your negotiation leverage is gone. So you can try, but I would assume they will say no to any of your requests, because they know they have you.

[dontaskwhy]

I think that at this point trying to negotiate closing costs would be a useless exercise in futility.

[jumponit]

Thanks everyone, that's kind of what I was expecting to hear.
While I don't anticipate this, if I don't agree with something in the closing, is it ever heard of having the closing pushed back a few days/weeks?
Are there fees normally involved and what can they amount to?

Thanks!

[manderly6]

Who are you trying to negotiate with? And what are the fees compared to your GFE?

[Informed Info]

Originally Posted by jumponit

Thanks everyone, that's kind of what I was expecting to hear.
While I don't anticipate this, if I don't agree with something in the closing, is it ever heard of having the closing pushed back a few days/weeks?
Are there fees normally involved and what can they amount to?

Thanks!

The time has passed to negotiate.

While mistakes happen, they usually get worked out while you're sitting at the "closing table" with pen in hand and ready to sign. Big ones? Yes, you can refuse to close if time is needed to work them out, but there shouldn't be any more fees involved at your expense.

[jackmichigan]

Originally Posted by jumponit

While I don't anticipate this, if I don't agree with something in the closing, is it ever heard of having the closing pushed back a few days/weeks?

If you have time, ask your questions before you get to the closing. If not, ask at the closing and make sure you fully understand everything before you sign it. Unless you have a major issue which can't be resolved, don't expect any postponement. Good luck.

[1insider]

I often have settlement charges to a cash buyer removed day before or day of closing. Some title companies try to slide in a couple of hundred dollar "settlement charge" to cash buyers who have not received any prior notice of the charge or a good-faith estimate (since they're paying cash). Here in Florida the seller usually chooses the title company and if that title company neglects to inform my cash buyer of a settlement charge in advance we just refuse to pay. It always goes away.

[jackmichigan]

Well, how did your closing go?