|
On a 120K townhouse, I could handle the 12K down payment (I have about 10K in the bank, with ~7.5K in mature bonds I could cash in; I'd take a tax hit later, but the money would be there now), but an extra 3-4K in closing costs would hurt badly.
It's very plausible to negotiate into the price of the house that the seller pays all closing costs. That's what we did.
|