Closing Costs

2 Replies

Hi,

As a buyer to purchase a home and then sell it what are the following:

1. Costs associated to purchase the property?

2. Costs to sell the property after I've done my renovations?

Much appreciated from a rookie investor!

Impossible to answer that as costs can vary dramatically depending on price points, area, and items you do or don't select to have.

In CA, I typically experience approx 1.25% of sales price for closing costs on exit (not counting agent commissions which are 5%).

On purchase, it will also depend on what you negotiate the seller today for, if you intend to flip, you should always choose to purchase a title binder to save title costs on exit.

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