As a Seller, Should I Pay for the Buyer's Closing Costs?

When selling a house, don't be surprised if you get an offer asking you to pay the buyer closing costs or pay to buy down the interest rate on their loan.

One way to make the house you're selling look more attractive is to do this. We call this a "buyer incentive".

Roughly half the transactions I see now show the seller paying from $5,000 to $20,000 as a buyer's incentive.

This is so common, there is a paragraph in our state contract that specifically addresses this.

Almost every builder does this because they understand it will help sell more houses. The builders call it "flexcash."

Be open-minded when it comes to this, it may actually help to get your house sold faster and at a higher price.