How much was your closing cost?

[Leo Don]

Hello BP,

I'm just curious to know how much was your closing for a property within the 200k to 250k range? I'm looking in the Connecticut market so I would really appreciate all the pros input. 

Thanks 

[Daniel Raposo]

Closing costs are pretty typical and shouldn't be difficult to estimate in advance. On the buy side you're going to have to pay things like pro-rated taxes, attorney fees, title insurance, bank fees, etc. and on the sell side conveyance and/or transfer taxes, attorney fees, commissions, etc. and a lot of those costs are directly related to sale price as a percentage. For instance title insurance premiums are tied to price, as are commissions and taxes. If you're just looking to estimate a cost for the sake of analyzing a deal then 2-3% on the buy side should be fine for most properties in the 300-400k range and below and then probably 1-2% for higher price points.