What is Seller Assistance or Seller Help and why should home sellers consider it?

Seller assistance is something you should definitely be aware of and ready for if you’re selling a home, especially if you’re in a lower price range. A lot of times first time buyers (and others) need some assistance in coming up with the money needed to buy a home.

Many buyers don’t have the cash on hand required to purchase a home, but can otherwise qualify for a mortgage, so they just need some additional funds from somewhere to cover the costs in order for them to buy. One way to come up with this extra money needed is to ask the seller to give some “Seller Assistance” or “Seller Help” towards their closing costs.

Some sellers get too hung up on “I don’t want to give money to them to buy a house” and “Nobody gave me money to buy a house” thinking, but really who cares, you’re just looking at the net number anyway… An offer of $100,000 with $5,000 seller assistance is essentially the same as an offer of $95,000 with zero seller assistance.

If you’re getting your desired net number, and you don’t see any red flags otherwise, then go for it. Sometimes it’s unavoidable if you want to sell the house. There are some minor downsides to allowing seller assistance, but in general, it’s okay and something you should be ready to deal with. Just look at the net number you get in the end.

Happy selling! 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *