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Impact of home price reduction vs closing cost?
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Anonymous
Posted 8/10/2008 9:25 AM (#1825)
Subject: Impact of home price reduction vs closing cost?
I am buying a new home. Builder pays a part towards closing cost. Also realtor pays part of commission. Now I have two options to utilize

the realtors commision. Please advise which is best - ask for price reduction or utilize towards closing cost? What are the pros and cons

by opting home price reduction while selling home later point or property assement for tax by county?
Loan Doctor
Posted 8/24/2008 11:14 AM (#1833 - in reply to #1825)
Subject: RE: Impact of home price reduction vs closing cost?
Posts: 15
My suggestion is to use the $ from the Realtor towards closing costs.
1) When you sell, your base cost will be higher, thus less income/profit from the sale
2) Your tax rate will be set how it relates to the appraised value, so the purchase price will not be a major factor. It will be a minor factor as the sales price is what is used to set everyone's values. Your sale will not be a major factor in what the appraisal district sets as the value

Charles
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