• Skip to main content
  • Skip to primary sidebar
  • Home
  • Ask A Question
  • Find Your Next Home
Real Estate Questions and Answers

Real Estate Questions and Answers

Closing Cost’s

March 26, 2019 by Rick Landuyt Leave a Comment

Q: I wrote an offer and asked agent to ask seller to pay closing cost. on my offer it doesnt say that it only states seller to pay escrow and title insurance, and county transfer tax. are these the same as closing cost?

A: No way are they the same. An offer, once it is accepted, is a legal contract! It is extremely important that you – reduce to writing – all the terms & conditions you want. If there is any other interpretation of the language on the agreement, it becomes ‘subject to interpretation’ & could end up in court (or at least a lot of hard feelings & misdirected anger). If that is the ‘exact’ language’ contained in your offer – you could have a problem. Address it now!

Filed Under: Questions and Answers

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Ask Your Real Estate Question

Recent Posts

  • The One Thing Every Homeowner Needs To Know About a Recession
  • How Homeownership Can Bring You Joy
  • Why Rising Mortgage Rates Push Buyers off the Fence
  • If You’re a Homeowner, You Have Incredible Leverage When You Sell Today
  • Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

Categories

  • Baby Boomers
  • Buying Myths
  • Demographics
  • Distressed Properties
  • Down Payments
  • First Time Home Buyers
  • For Agents
  • For Buyers
  • For Sellers
  • Foreclosures
  • FSBOs
  • Gen Z
  • Generation X
  • Holidays
  • Housing Market Updates
  • Infographics
  • Interest Rates
  • Luxury Market
  • Millennials
  • Move-Up Buyers
  • New Construction
  • Pricing
  • Questions and Answers
  • Rent vs. Buy
  • Selling Myths
  • Senior Market
  • Short Sales
  • Time-sensitive
  • Uncategorized
COLDWELL BANKER PROFESSIONALS - RICK LANDUYT - 67395 MAIN ST, RICHMOND, MI 48062 - (586) 727-2741