Shipping is ALWAYS FREE*

How To Lower Closing Costs


Closing costs help facilitate the sale of a home and both buyers and sellers pitch in. Some closing costs can be paid before the home is officially sold and others are paid at the end. However, closing costs aren’t set into stone and they can be negotiable. Sit with your buyers and help them look over everything to make sure all the numbers are right and encourage them to plan with the lender accordingly in how they can be lowered.

Loyalty Programs Some banks offer assistance to buyers when they use them to help pay for the purchase. It’s a way for a bank to reward loyal customers.

Closing at the End of the Month Schedule the closing at the end of the month so you don’t have to pay the per diem interest for so many days.

Get Multiple Quotes Encourage your buyers to get estimates from different lenders to find the best package of closing costs and interest rates. There might be something better out there.

Junk Fees There may be some fees a lender charges that may be negotiable, such as origination fee, processing fee, or application fee. 

Title Costs As you probably know, sometimes title insurance and settlement are bundled together.  Your client may not know this though so inform them to search for a title and settlement company that is less expensive.

Negotiate With the Seller  As the buyer's agent, you can try to negotiate with the seller in paying for some of your clients closing costs. You can ask for credit or to cover lender expenses during the offer and negotiation process.


Leave a comment


Please note, comments must be approved before they are published