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Why would someone offer to sell his place for $149,000 + $5,000 closing cost as opposed to just $144,000?
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If the seller is paying the buyer's closing costs, the seller may be trying to reduce the net gain for the purposes of calculating capital gains taxes.
If the seller thinks that by paying the buyer's closing costs that he will be able to deduct those costs, he will likely find out the hard way that he was wrong...they are only deductible by the buyer.
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Board Talk members who registered prior to March 9th, 2016 will need to reset their password.