It is not very common for a buyer to request a seller for closing credit. This seems very odd, as sellers may feel that buyers are running short of money for purchasing a house. In case the buyer is not having enough money for purchasing house at Sobha international city then why should the seller even deal with him. In some situations sellers may agree to pay the closing credit cost. If the circumstances are right then the sellers may also agree to make this payment on behalf of the buyer.
Right money buyers may need for settlement of closing credit
In general, buyers may have to pay around 3 percent of the price of purchase as closing cost. This amount may vary depending on a number of other factors. In case the buyer has to pay lesser amount then this math’s may not work for the seller.
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