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Buying & Selling Real Estate

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Amos Record
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Closing Costs for Multi-Unit Residential - Florida

Amos Record
Posted Sep 28 2020, 11:20

To evaluate a multi-unit residential purchase in Florida, what is a good rule of thumb (as a percentage of purchase price) to calculate closing costs for the buyer?

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Elise Marquette
  • Lender
  • Frisco, TX
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Elise Marquette
  • Lender
  • Frisco, TX
Replied Sep 28 2020, 12:27

Usually we estimate 2-3% of the loan amount. Depends on how much, if any, seller is willing to pay too