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Subject: "Ask The Experts" Question by Joe Mullins
Author: info@austintxmls.com
Date: January 27th, 2008, 10:35 PM PST
ID: 0054SI

The following question was submitted to RealTown's Ask The Experts.
Joe Mullins asks,
"Seller has an offer to sell home to a VA Loan buyer, buyer is asking for all closing costs, up to $5000, offer is $155,000, list is $159,500. What is the counter wording, from the seller, to have the amount include everything, and not be surprised at closing?"
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Suggest wording as follows:
 
Seller to provide a maximum of $XXXX to be used at Buyer Discretion for Settlement Charges.
 
NOTE: As Agent for Seller - I would let the Buyer Agent figure out if the $XXXX your Seller agrees to will cover all of Buyer Costs.  All charges on the buyers side are in fact settlement charges so I do not need to get into a Pis*ing match with the sellers agent  or title company about what is a closing cost, points, etc.
 

tOMe

Thomas A. Early, Master CEBA
425 W. Schrock Rd.
Westerville Ohio 43081
Serving the Greater Columbus Ohio area
mailto:TomEarly@BuyersBrokerage.com
http://BuyersBrokerage.com
100% Buyer Representation 100% of the Time
Past President of the National Association of
Exclusive Buyer Agents (NAEBA) http://NAEBA.org
NAEBA: 1-800-786-1570
Buyers Brokerage 1-614-890-2722