cancel
Showing results for 
Search instead for 
Did you mean: 

Are sellers still willing to pay buyer's closing costs? <Florida>

tag
flgirl004
Member

Are sellers still willing to pay buyer's closing costs? <Florida>

Unfortunately, I missed the best time to buy and am starting the process now at probably the worst time. I spoke with a realtor who said since it's a seller's market, buyers should forget about the seller paying their closing costs. I'm in Florida. I'm just trying to figure out my best plans of action. Has anyone had any luck with that recently? TYIA

Message 1 of 5
4 REPLIES 4
CreditCuriosity
Moderator Emeritus

Re: Are sellers still willing to pay buyer's closing costs? <Florida>

Depends on market and part of Florida.  Florida is fairing alot better than other parts of the country as alot are cash buyers still and a more desirable state to live in etc.  Once again all depends on area of Florida even and house and various other things.  Most parts of florida still have a shortages of houses so a seller is unlikely to make concessions although even in FL you can see the market changing slowly from a sellers market to some what of a buyers market.  Houses arent going for 200k above asking and crazy stuff like that anymore, but not giving them away being concessions either.  I live just south of tampa on the water, well about 1/2 mile from tampa bay.

Message 2 of 5
flgirl004
Member

Re: Are sellers still willing to pay buyer's closing costs? <Florida>

Thanks so much and congrats! That's a great part of Tampa, lots of nice restaurants and fun stuff to do!  I do remote work in Florida so I don't even care about where as long as it's in a safe neighborhood. I live in Tampa (Citrus Park area) and the rent is killing me lol

Message 3 of 5
ShanetheMortgageMan
Super Contributor

Re: Are sellers still willing to pay buyer's closing costs? <Florida>

I think a lot will depend on your local market.  Florida is a big state and the market isn't the same in Tampa as it is in Miami or Orlando.  A client of mine just went under contract to sell their home in southern Florida and they agreed to give their buyer a $5k credit towards closing costs.

 

Redfin has some nice data at https://www.redfin.com/news/data-center so you can see how your county/metropolitan area's listings, pending sales, homes sold, listing price and median sales price (amongst other info) has fared recently.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Mortgage Broker located in Southern California and lending in all 50 states
Reach out anytime!
Message 4 of 5
flgirl004
Member

Re: Are sellers still willing to pay buyer's closing costs? <Florida>

wow thanks so much for this resource! I appreciate it and this gives me (some) hope!

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.