Easy handout to provide to buyers and use as a quick reference when negotiating offers and calculating net sheets.
Click "enroll" to instantly receive your copy and instructions for use.
Click "enroll" to instantly receive your copy and instructions for use.
Why do I need this template?
Every type of loan has restrictions on how much a buyer can receive from a seller ("interested party contribution") toward their closing costs. Many buyers need to take advantage of seller contributions to minimize out of pocket expenses. If you ask for more than the buyer is allowed to use the excess is "lost." The result of asking for more than a buyer can use is an unnecessarily weak offer. Let's keep our offers strong by having a quick reference of these amounts on hand. This is also a nice document to provide to the buyers to explain what they can ask the seller to contribute.