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Negotiation Idea

A house that we like came on the market, well below the price we are looking to spend. We are in a super hot market and want to make sure we are competitive with our offers.

Would a negotiation tactic of offering $10k over asking and seller pays $8k in closing costs be enticing? It would basically be like financing the closing costs into the mortgage, freeing up our bank account for more renovations/savings/etc.

Is this a good strategy? what are some of the downsides I'm not thinking of?

submitted by /u/Enonnaig
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source https://www.reddit.com/r/RealEstate/comments/evf7ev/negotiation_idea/
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