closing costs for the seller in Maryland
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?
Most Popular Reply
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.