if the seller pays the closing cost, what do we pay for?

Home Forums Buying Your Home if the seller pays the closing cost, what do we pay for?

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  • #45199

    admin
    Participant

    I received a good faith estimate today and I am so confused. We asked the seller to pay up to 6% of the purchase price for the closing costs. On the good faith estimate, it says seller pays $ 4000 for closing. what do we pay for during closing? Do we still have to pay for the prepaid items?

    #195896

    admin
    Keymaster

    You must pay charges for taxes, insurance and other items that pay for things that you will incur after closing. “Pre-paids” items paid in advance.

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