Question: My realtor says that seller automatically pays closing costs, so, it does not need to be written into the contract, is this true?

Answer:
I write quite a few loans and what your realtor said is not correct. Of course, the seller has a significant number of their own closing costs, but, you’ll have all of your origination, title and taxes. If you’d like a summary of the typical buyer side costs, please let me know and I’ll gladly help you with a quick summary.

Question: If seller pays closing costs, will that include pre-paid taxes, insurance and points?

Answer:
The answer will depend on the contract. Some do, some don’t. If you don’t have a contract yet, you can certainly write in what you want.