In most cases, these costs will be in the range of 10% or more of the negotiated selling price.
In today’s economy, money is tight for everyone. Particularly with FHA buyers, an additional 3% may be negotiated and come out of YOUR sales proceeds.
That means that for every $100,000 in the selling price, between $10,000 and $13,000 may be taken out of your proceeds at closing!
A $10,000 to $13,000 cost is a bitter pill to swallow for any home owner!
No wonder many homeowners simply cannot afford to sell under these conditions.
We don’t need you to cover our closing costs.
That’s why contacting BirmingHome is the best solution for you.
At BirmingHome, we have remedies for many different situations – yours could be one of them!
If your property meets our buying criteria, we can buy your home for cash!
Are you "upside down" in your mortgage?
Do you find yourself thinking, "This house is killing me!"?
If you bought your home with 100% financing in the last 5 to 10 years you most likely do NOT have enough equity to cover the costs associated with selling your home. Even if you put up a 5% or 10% down payment, you may still be “under water” due to the declining home values.
You may be feeling hopeless about getting out of this dire situation. Traditionally in real estate sales, the home seller pays for most of the cost of the sale. Typical closing costs include real estate commissions for both the buyer’s and seller’s agents, title insurance, escrow fees, real estate taxes, etc.