We have had a great amount of showings at the home. Every Agent that has shown the home has said, "Their buyer has to have the seller pay the full amount of closing cost." The reason for this is because of the down payment that the buyers have to pay at closing. I know it is a lot for the sellers to pay for all of the commissions and closing cost but it is the only way to sell the home in this market. Regulations with banking are making it tough for buyers. I really do believe the home is worth more, but with the current circumstances we need to lower the price to do a short sale so we can sell the home. There is not enough equity in the home to sell it and pay these cost. Everyone buyer interested in the home just can not come up with the money it would take to pay the cost at the closing table. Do you do the short sale.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved