closing cost

[Kevin Smith]

Hello guys,would anybody happen to know what closing cost would be on 28k cash deal. I'm wholesaling a property to my end buyer who was curious on how much the cost would be. Thanks in advance.

[Bill Gulley]

Hi, the easiest and most accurate way to find out is to call the closing agent doing the deal. They will tell you what they charge, costs of title search and insurance, filing fees and any other fee that is required in your area. The buyer also needs to check out costs for property insurance if he wants that in the closing, but since it is a cash deal, he could close without it. Don't forget the proration of taxes that you will credit to your buyer while you hold the property.If you don't have a closing agent, you need to select one as soon as possible. They will wlak you through the deal. Hope that helps, Bill