I don’t have warm fuzzies about being locked into some broker who may or may not give you a good deal.
Why not drop the seller-pays-closing bit and lower your price accordingly. If the negotiated closing costs were $12k, show you’re acting in good faith and counter with $10k under your previous bid, but you’re responsible for closing costs. True you’ll have to pony up some cash at closing – but not that much… I have coworkers refinancing for no-cost, no points… brokers are even covering appraisals these days. It’s a buyers market out there for mortgages… brokers are jumping through hoops for the business from what I’m observing with my coworkers.
Other buyers costs include inspections. Obviously YOU want to pick your inspector… no relatives of the sellers.
If I recall correctly from past posts – you have a decent cash position – but don’t want to sink it all in a house. But it would be foolish to finance into a more expensive loan because you were too afraid to pay closing costs.
