So How Do You Compete Better And Still Get A Credit?

If you find yourself in a position where you’re making an offer on a Santa Clarita home that interests you, and you’re aware that there are other offers, yet, you still need a closing cost credit… you may want to consider offering above the seller’s list price and asking for a credit back that still enables the seller to net their price.

For Example

Asking price for a home is $350,000

You need a $6,000 credit toward your closing costs as determined by your lender and real estate agent

So, you offer the seller $356,000, and ask for a $6,000 credit back toward your closing costs.

This makes it so that you’re financing your closing costs essentially. I’d only recommend doing this if you know there are other offers, and the price of the home is at or below market value. This is one way to get your closing cost credit, and still make your offer somewhat competitive with other offers, in event the other offers were at or near the seller’s asking price but NOT asking for costs back like yours is.

Welcome to real estate. Enjoy the ride! And if you’re offering above asking price, be sure to keep an eye on that appraisal, that could always be an issue.

Need help finding a home in the Santa Clarita area? ASK Robert! You can reach me at 661-373-2374,