New investor, just starting out. Curious if there is a reasonably good rule of thumb for estimating both purchase and sale closing costs. For example, if I bought a single family home in PA for $100K, what would I incur in closing costs at time of purchase, and then again if I turned around and sold it for $100K again (obviously a hypothetical example)? Thanks in advance for your insights.
If cash probably around $1k if with a loan ask your lender as policies and fees vary quite a bit and then add the $1k. When selling generally a bit more if you want to include things like title insurance, and home warranty.
I don't know the average percentage, but I've bought in the $50k-$100k range, and it's always been $3k-$5k.