Updated about 9 years ago on . Most recent reply
1st investment property - purchase question.
I have a property that is a 'short sale' which I am interested in purchasing.
The bank just accepted my full cash offer and I have a few questions as this is my first purchase.
After requesting the HUD, I see that the bank is paying the real estate agent 6% of the purchase price. Also, since this is a cash offer, I have a few questions on the settlement charges.
The purchase price is $185k... what should be the average closing costs in NJ?
Title examination
Realty Transfer Fee
Realty Transfer Fee Tax
As far as I am concerned, what other additional costs should a buyer pay beyond the title search and transfer tax?
Thank you for your time and comments!