closing costs for the seller in Maryland

[Ed McIver]

Hello 

I want to flip a house. The ARV on the house is about $260k.

I have a pretty good idea what the rehab costs, closing costs and holding costs. I do not know the cost to resell the property.

I have never sold a house before so I intend to use a realtor. How much money should I budget to pay the closing and realtor fees?  

[Nick Macklin]

If you are using an agent you can expect a 5-6% commission. Transfer and recordation is around 1%. If you get full market price for your property you can anticipate paying about 3% in closing help. Basically a rough number is about 10%. 

Hope this helps!  Please let me know if you have any other questions and feel free to PM me if you like.