Buyer want me the seller pay closing cost in AZ.-Will mortgage rates go up?

Seller normally pays some parts of the closing costs - talk to real estate agent.

Yes, mortgage rates go up in 2007 but you don't care you just sold your house.

The economy will get better under Dems because Bush is now grunting for the 2008 elections.

Any other questions just ask

It's normal in any state for the buyer to ask the seller to pay out of pocket closing cost that the buyer would have to fork out at settlement. The most important part is you realize what the offer is. If your offer was $200,000 subtract $10,000 for seller concession than you are actually getting $190,000 for your house. The buyer is wrapping the closing cost in the mortgage which leads him to pay more for their mortgage. In that case you can always counter offer back to get more for the house. Where I am from it's a buyer's market. As for 2007, it is how the economy is doing. And as a citizen we really don't know until the time comes.

They are asking you to pay 100% closing costs as part of the negotiation of the sale of your house.......by doing so they are most likely offering "full price" on your home whereas the majority of people would not offer full price. The realtor on their end suggested that they offer you are very respectable price on your home with closing costs to boot. So typically it's as if say your home was on the market for 100,000 and they offer you full price or a little more. Say closing costs are approximately 5,000 (est on 100k home) probably a little less. It's as if you are selling your home for 95k instead of the 100k. They will offer more than the typical buyer for your home so they can ask for closing costs. Make sense?

Regarding the mortgage rate.........the mortgage rate will most likely increase in 2007....they are predicting not more than 5%.....it will continue to fluctuate 1 or 2% like it has been doing.....most economists say that the market should also improve next year.

I know of a company that will give you a free evaluation of the closing costs. It is run by an industry insider who knows how these mortage companies make their money through points, fees, "yield", etc. He can actually negotiate those fees lower for you. No out of pocket expense; they charge a small portion of the savings. I can email you the details.

williamsandlin2004@yahoo.com