Should the Seller Pay the Buyer’s Closing Costs? 2022 Report
July 18, 2022
Selling or buying a home and getting approved for a mortgage can be a taxing process, even for those who have done it before. Laws and standards change, and for most of us, we only do it a few times throughout our lives. Closing costs are the biggest upfront financial investment, especially for the buyer. For both parties, the process and jargon involved can be cryptic and confusing. To help demystify the process, we’re breaking it all down here to help you better understand what to expect and when sellers may be asked to pitch in on the buyer’s closing costs. Let’s start with the basics. What are Closing Costs? Both buyers and sellers wind up forking over a substantial...