Comments on: Use it or Lose it! – Make sure you use all of your seller-paid closing costs http://blog.findwell.com/buying-a-home/use-it-or-lose-it-make-sure-you-use-all-of-your-seller-paid-closing-costs/ Seattle Real Estate Info, Advice, Statistics & Discussion Thu, 19 Jan 2012 01:51:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rhonda Porter http://blog.findwell.com/buying-a-home/use-it-or-lose-it-make-sure-you-use-all-of-your-seller-paid-closing-costs/#comment-153 Rhonda Porter Thu, 29 Oct 2009 16:06:39 +0000 http://blog.findwell.com/uncategorized/use-it-or-lose-it-make-sure-you-use-all-of-your-seller-paid-closing-costs/#comment-153 <p>It can be pretty tricky to not leave extra funds on the table. Getting an updated good faith estimate prior to presenting the offer will help. </p> <p>I think error a little over the estimated amount and having all the closing costs paid (if possible) with a few hundred back to the seller is a fine option (better than the buyer paying a few hundred of closing cost). </p> <p>Buyers should also be aware of LO's who might try to pocket the funds that were left on the table by increasing fees. Bring your GFE to the closing table with you to compare to the HUD.</p> It can be pretty tricky to not leave extra funds on the table. Getting an updated good faith estimate prior to presenting the offer will help.

I think error a little over the estimated amount and having all the closing costs paid (if possible) with a few hundred back to the seller is a fine option (better than the buyer paying a few hundred of closing cost).

Buyers should also be aware of LO’s who might try to pocket the funds that were left on the table by increasing fees. Bring your GFE to the closing table with you to compare to the HUD.

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