If you are buying a home, you might request that the seller provide you with a credit at closing because your home inspector discovered certain defects in the home that require repair or immediate attention. Buyers generally want to receive as large a closing cost credit as possible. But, when thinking about how much of a credit to ask for, make sure you understand beforehand what your estimated closing costs will be. If your closing cost credit is more than the actual closing costs, you will not receive the full closing cost credit. Rather, you’ll only receive a credit for the actual closing costs. You may want to consider a closing costs credit in combination with a price reduction. This is where an experienced real estate attorney helps. We have walked clients through this exact scenario and know how to handle it.

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