When buying a home, the buyer always has closing costs to consider, if using a loan to purchase the property. And negotiating with the seller to cover a specific amount of closing costs does not mean all the additional costs can be paid by the seller. Certain lending guidelines must be followed to ensure the proper amount of money is accounted for in the offer. When a seller pays closing costs, the money to pay those costs comes from the sale of the home – also known as the seller’s proceeds. So a seller is quite likely only interested in the bottom line. However, let’s also remember that a seller may decide against including credits to cover a buyer’s closing costs and prepaid expenses. Having sufficient cash reserves can ensure a successful and smooth closing process. Learn how to buy, and then execute your strategy. Be smart. Ask us how – we can help!