“Standard Form” Contracts

Closing costs of a purchase and loan are a significant expense at closing.  While the “standard form” contract allocates these expenses a certain way, generally favoring the buyer over the seller, all of these expenses are negotiable.  Real estate commissions are also negotiable.  Before you sign a contract, you should know what your costs are to make sure you are aware of the net amount you may be receiving or paying.  Closing surprises, like costs and expenses, are not a good thing.

Mitch