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What will my closing costs be?
I'm buyung a dump... I mean a fixer upper... I mean a distressed property.
I bought it on an online auction and I'm paying all the closing costs. It's in an old established part of a town I know well so I'm not getting a survey. No home warrenty. No nothing. Just title company fees. I know what my auction fees are. I know my bid price. I don't know what my title fees are going to be.
Anyone have any ideas for salem oregon area title company fees? The house price is $35k
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
I would call a couple title co's and ask. Not sure if there is extra title work needed on an auctioned property. Here in WA there is excise tax of about 1.7% on each sale. A title co will be able to give you a good estimate. Hopefully 'closing costs' don't include some liens you don't yet know about @Nic Sherman!
Not too much clue about Salem, I bought a $142I house in Oregon City through WFG Title and I payed something like 1800 or 1900. Seller didn't pay anything.
