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Earnest money is used when you've already made an offer. How do you make an offer while not including the cost of the fees in the sale? That sounds like poor ne
by bitJericho 9y ago
Earnest money is used when you've already made an offer. How do you make an offer while not including the cost of the fees in the sale? That sounds like poor negotiation.
- totalrobe 9y agoFees levied by the lending company and title company are in no way tied to the offer on the house itself. These fees are not included in an offer, which is an agreement between the buyer and seller. The offer is an agreement on the price of the house, due diligence and earnest money from the buyer, contingencies (buyer needs to sell their own house) and any concessions from the seller (repairs, money at closing, etc).
- bitJericho 9y agoIndeed. Except you have every right to know all the fees at that time. You can include those in your offer to the seller. Or even say the seller assumes all the fees. This is part of the negotiation because you're the one making the offer.