What expenses can sellers contribute to in a home sale?

Sellers can contribute to closing costs in a home sale, which is a common practice in real estate transactions. Closing costs encompass various fees and charges that both buyers and sellers incur during the sale process. These may include title insurance, attorney fees, escrow fees, appraisal costs, and loan origination fees, among others. By contributing to these costs, sellers can make their property more attractive to prospective buyers, especially in competitive markets. This assistance can help facilitate the sale, as it reduces the upfront financial burden on the buyer, making purchasing more accessible.

In contrast, a down payment is primarily the responsibility of the buyer, and sellers do not typically contribute to it. Inspection fees are generally the buyer's responsibility to ensure the property is in good condition before the purchase, while monthly mortgage payments are also incurred solely by the buyer after the closing of the sale. Thus, focusing on the contribution to closing costs gives sellers a way to assist buyers in the transaction without taking on the buyer's primary financial obligations.