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Delaware Real Estate Q&A Discussion Forum

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Matt B.
  • Investor
  • Bethlehem, PA
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Delaware Closing Costs

Matt B.
  • Investor
  • Bethlehem, PA
Posted Jan 14 2017, 12:38

Hi All - Today I'm in Delaware looking at properties. We are looking all over northern DE (ie Wilmington, Newark, Claymont etc). I was looking at homes as high as $70k. When asked, the RE agent told me closing costs are between 8-10k. Something about that doesn't make sense to me. For my $235k property in NYC, closing costs were 10k. Why would my NYC property and this property in DE have almost the same closing costs when A) the DE property is about a third of the price as the NYC property and B) DE is a lower cost of living compared to NYC. Can anyone tell me what they have paid in closing costs for DE and maybe explain some of the charges that brings me to the 8-10k closing costs in DE?

Thanks! 

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