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Buying & Selling Real Estate

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Meti Kay
  • Staten Island, NY
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Closing costs seem a bit high considering the purchase price?

Meti Kay
  • Staten Island, NY
Posted Jun 17 2017, 15:34
I have a deal for a good 2 bedroom condo in the works.. Purchase price is 232 with 20% down (46k) it's a short sale so I don't have much wiggle room.. upon my mortgage application I was quoted $11,100 for total closing does this seem high to you on a $186k loan? Land transfer tax is pretty expensive here in NY but does this seem reasonable or is there anything I can do to try to lower them? Any tips, advice.. P.s I'm planning to flip this it needs a minor rehab and market comps are from 290-315k currently But obviously I wanted to keep the costs down as low as possible Thanks a bunch

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