Eliminating Transaction Costs
I own a flip that I was unable to sell, so I am currently leasing it out. The tenant has fell in love with the home & has approached me about buying it outright. We've built a good relationship & now I'm wondering what the two of us can do in order to keep transaction fees during the closing process to a minimum. We have a mutual real estate agent that is going to do the buy & sell at 4%, so I'm saving 2% right there. Is there anything else anyone can think of to save on other closing costs?
Thanks, BP!
Josh