Consumption and Real Estate
How much can I expect for closing costs?
Question : How much can I expect for closing costs?
I am about to by a two-family home in upstate NY. I am buying it outright, no mortgage. The building inspector has given it a pretty clean bill of health. I have already paid him. I just need to know how much I am going to need to move around in order to pay the lawyer, fees, taxes, etc. The property taxes are $ 2,500/year. Selling Price is $ 24,000. $ 1,000 in escrow, leaving $ 23,000 on the table. Realtor’s cut will be paid by seller.
ny home inspector
Best answer:
Answer by Common Sense
Not psychic, but figure 3-4000 for costs.
I always say figure 3% as a rule of thumb though I wouldn’t be asking anyone here. I would be asking the realtor representing you to get an estimate from the escrow Attorney.
The realtor needs to earn their commission split.