#closing-costs

#closing-costs

Buyer concessions are seller-paid financial incentives—such as closing-cost assistance, repair credits, mortgage-rate buy-downs, or HOA fee coverage—that reduce buyers' upfront expenses.

No down payment is required for mortgage refinancing, but closing costs are unavoidable.

Homebuyers can negotiate various factors like repairs, closing costs, and closing date to save money and make the buying process smoother.

A seller's credit helps reduce a buyer's closing costs without lowering the home's sale price.

Seller concessions help reduce buyer expenses while keeping home prices intact.

Homebuyers face high mortgage rates but applications rose 12.5% recently despite increasing closing costs.

Closing costs can vary significantly by state, with D.C. having the highest overall.