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Updated about 6 years ago on . Most recent reply

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Greg Stetz
  • Real Estate Consultant
  • Port St. Lucie, FL
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152
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Estimating closing and sales costs accurately?

Greg Stetz
  • Real Estate Consultant
  • Port St. Lucie, FL
Posted

Whats a great way to find out sales and closing costs before you buy a property? I have calcs to use but how do I get tighter numbers?

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Greg Stetz:

Whats a great way to find out sales and closing costs before you buy a property? I have calcs to use but how do I get tighter numbers?

 Your local lender will have all the details. Me telling you about the Oakland's transfer tax does you no good.

There will also be things negotiated in the contract that have hyper-regional norms, a local lender will be able to say "there's such-and-such closing cost, typically this is split 50/50" or "typically the buyer pays this fee entirely," and so on.

  • Chris Mason
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