Minimizing Out-of-Pocket Closing Costs #1

Instead of offering $97,000 for a property, offer “$100,000 with $3,000 in Seller closing costs and/or prepaids.” This allows you a ‘free’ way to finance your closing costs, and not pay for closing costs with expensive post-tax dollars.

Not only will this maintain higher property values for the area, but it really makes no difference to the Seller (they get $97k regardless… likely tax free).



Scott Lukes
Founder, Echo Summit Properties
http://www.echo-summit.com/