How Do Buyers Compare a Lower Price With Seller-Paid Closing Costs?
How Do Buyers Compare a Lower Price With Seller-Paid Closing Costs? Direct answer: You should compare the seller credit, price, payment, cash to close, loan terms and contract deadlines together. A lower price is not automatically better, and a larger seller-paid closing-cost contribution is not automatically better. The right structure is the one your lender confirms is permitted and that fits your cash, payment, and long-term plan for the specific Utah home. Start with the decision you are actually making When you are shopping in Daybreak, Draper, Lehi, Salt Lake City, East Bench, Holladay, Sandy, Davis County, Weber County, Park City or Heber, it is easy to reduce the conversation to one number: price. That is understandable, but a purchase agreement is not one number. It is price, earnest money, financing, seller concessions, inspections, appraisal, inclusions, possession, deadlines, and the ability of each side to perform. You should evaluate the complete package before deciding ...