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When Buying A Flower Mound Home, Who Pays Closing Costs?

At Team Nelson, our Flower Mound real estate agents know that in many cases, potential home buyers do not realize the costs involved in purchasing a home. Some of the costs you may not be aware of include home inspection, appraisal, loan application fees, and closing costs. In certain situations there may also be costs for new furnishings, or to paint or renovate the home.

Closing costs are often misunderstood by home buyers, who may assume that the seller always pays these costs. What are closing costs? Essentially these are a mix of fees from the real estate agent, lender, title company, etc. What all is included in closing costs varies depending on your situation.

It’s hard to determine without the assistance of an experienced Dallas realtor which costs you will be responsible for, and which will be covered by the seller. In many cases, closing costs are one aspect of the negotiation process.

Sellers do not always pay closing costs; much of who pays is determined by your offer, and how much the seller will net from the sale. For instance, if after considering your offer the seller finds the price is where they need to be, they may consider paying closing costs for you in order to close the sale. Ultimately, whether the seller will pay depends on various factors.

Because of the uncertainty, it’s a good idea to discuss the best way to approach closing costs with your real estate agent. It is important that you consider closing costs when writing up an offer for the home that interests you. Would you rather closing costs be negotiated into the selling price? Most home buyers would rather the seller pay so that they have room in the budget for decorating, furniture, etc.

At Team Nelson, we’re ready to answer all of your questions regarding closing costs and other costs involved in buying a Flower Mound home. We want to make the process of buying a home as simple as possible!

What People Are Saying

  • Tara was wonderful thru the entire process. Loved working with her and her team. Extremely responsive to every need that we had. Held our hand during the entire process and made us feel like we were her one and only client. She gave us great advice on what we needed to do in order to sell our...

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    misty kevin8176

    Bill Nelson and the entire team at Team Nelson are excellent to work with. They are all very knowledgeable and easy to work with. The whole selling process was a smooth process and our house sold extremely quick. We couldn't have asked for better people to work with. I highly recommend Team Nelson!

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    Teresa Fairchild

    Johnny did a great job as our real estate agent. He helped us find and visit many potential listings. He educated us on many facets of the home buying process particularly on the pros and cons of going with new builds, spec homes, or pre-owned including some things to look out such as a PID. He was...

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    Alan Achtenberg
  • Bill Nelson and his team were great to work with! I used them once before on the sale and purchase of a home 8 years ago and everything went as anticipated. When we recently decided to purchase another home, we took the time to speak with a number of different agents and finally settled on going...

    mponce101 Avatar

    Team Nelson really did an amazing job at selling my home and finding me a new one. I highly recommend them if your looking to do anything with your house!!!

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    danny beason

    Top notch team, Tara was fantastic in helping me find my new home. I definitely recommend !

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    Princess Granik
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