In our current market, its been...
The following local update was published on February 16, 2023 by Modern Roots Realty Group, a dedicated real estate professional serving the Central Texas area.
In our current market, it’s been common for sellers to contribute to the buyers closing costs to buy down the interest rate. This isn’t always feasible. There are 2 things you have to consider besides the market you’re in. 1- Depending on your loan type and how much you’re putting down, the seller can only contribute so much. Your lender will know this amount that can be asked for. 2- You may think the seller is walking away with what you’re paying, but they have their own closing costs as well which are approximately 8% of the sales price. That being said, it depends on if they can afford to pay towards your closing costs with what they are betting. Overall, definitely possible! But it is a case by case basis 🏠 🔑 #closingcosts #amandarickman #realestate #plantyourroots #keysplease #modernrootsrealtygroup #rogprosper #firsttimehomebuyer #servenotsell
For more information regarding this update, or to explore active real estate opportunities in Central Texas, please contact Modern Roots Realty Group directly or browse the featured properties below.
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