How My Client Earned $22K in Closing Costs

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Real Estate

Imagine this: my client was buying a new house, and as their trusted agent, I got to negotiate for them. Guess what? We scored an amazing $22K credit from the seller, which they could use for their closing costs.

Getting a credit for closing costs can be a big win for buyers. In this case, it helped us lower the interest rate by 0.25 points, which meant my client could save a lot in the long run.

Closing costs are important fees in a home purchase. For buyers, they can include things like escrow charges, title fees, insurance, transfer taxes, and more. It's crucial to know these expenses upfront before making an offer.

Seller credits can be a game-changer! They not only reduce closing costs but can also help with lowering the interest rate or covering extra expenses. With the $22K credit, my client made their home purchase more affordable.

Having the right realtor on your side is key! A skilled agent can negotiate well and get you great terms, like credits for closing costs. Trusting their expertise can lead to big savings and a smoother home buying experience.

Let's quickly break down some common closing costs: origination fees, credit fees, mortgage points, appraisal fees, property taxes, and more. Knowing these costs helps you plan and budget better.

This captivating tale reveals why having a smart realtor is a must. Discover the power of negotiations and the game-changing potential of seller credits. But wait, there's more! In our next video, we uncover a jaw-dropping mistake that cost my client a whopping $1.85 million due to just a $20K error. You won't believe it, so make sure you don't miss out!