Do Winston-Salem home buyers have to pay all their closing costs?

True or false? Home buyers don’t have to pay all closing costs. True

Closing costs can be paid either by the home buyer or the home seller.

When negotiating a contract with a seller, you can request that the seller contribute toward your closing costs.

Before you do this - meaning before you even make an offer - it's good to check with your lender and make sure they're ok with it.

The home appraisal can impact this as well. If you offer $500,000 with the seller paying $8,000 in closing costs, and the home only appraises for $492,000 - then the bank will only loan $492,000, and the buyer will have to kick in an additional $8,000 to complete the transaction.offsetting the benefit of the seller paying closing costs

In a competitive situation, home buyers may not have much room for the seller to pay closing costs, because the offer amount will be close to the anticipated appraised value.