Short On Cash?
Ask the Seller to Pay Closing Costs
One way to help minimize up-front expenses when purchasing Atlanta Real Estate is to request the seller to pay some (or all) of your "closing costs". If the seller is unwiling, one alternative is to do what is called "rolling" closing costs. In this scenario, you pay a higher a sales price for the home but the seller contributes the difference you pay by picking up the tab for your closing fees.
A good example of this would be if you needed $5,000 in closing costs for your $250,000 home, you could raise the price to $255,000 - assuming the property will appraise for that value and your lender approves it...you then have the seller use the extra $5,000 to pay your cost to close the transaction.
If your short on cash this strategy can help you keep your money available.
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