Updated about 2 years ago on . Most recent reply

What are the closing costs that buyers and sellers pay. Is it different per state?
I was wondering if you had any input as to the closing costs that you typically conduct deals with and charge buyers and sellers.
Is it different based on the state that you operate in?
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Theresa Harris
#2 General Landlording & Rental Properties Contributor
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I can't speak for the US, but in Canada each province has different forms they use and different costs. In some areas (eg BC) you have a property transfer tax that is a percentage of the home's sales price. Other 'costs' are standard as they are credits and debits for things like property taxes and those will depend on when you buy the home. Lawyer's costs are less when selling that buying as there is less work for the lawyers to do.