Calvin Gleaton, Broker/Owner
Elite Realty Group
1975 Jonesboro Road
McDonough GA 30253
Closing costs and vary best direct those questions to mortgage broker or title company
Any sale buyer and seller both have costs involved in order to sell any property
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
It depends on what they are. The lender for the buyer has closing costs to get the loan. When you write the offer you can ask the bank to pay the closing costs up to a certain percent. With a good offer they usually will.
If they say no, the buyer will pay, depends on the investor and the price.
The bank pays the Owners Policy on Title Insurance and the Realtor fees.
As a real estate professional licensed in Michigan I always advise people interested in properties to obtain the services of their own Buyerâ€™s Agent. Your Buyerâ€™s Agent will answer all your questions.
Being represented by a Buyerâ€™s Agent will make the entire process go smoother and with less stress.
For further information and real estate questions, contact
Chip Andis ~ Buyerâ€™s Agent
Cell (248) 931-0084
REAL ESTATE AND FINANCE IN ONE
34 S. Telegraph Rd
Waterford, MI 48328
Office (248) 886-0000
It depends on what bank or government agency is holding the REO. In most cases the buyer pays the closing costs. These can vary due to pro-ration of taxes, whether your purchasing the home with cash or getting a mortgage. If you are mortgaging you can ask the seller (bank) to pay a portion of the closing costs in your offer. Most banks allow up to 3% in closing costs. Closing costs can consist of reimbursing the seller for taxes paid in advance, title insurance (if mortgaged), title closing fee, documentation prep, filing/recordiing and transaction fees. As you can see it is difficult to estimate without more information. If you would like further assistance, just send me an e-mail with the property address and the terms of the purchase and I'll be glad to give you a more complete estimate. If you are mortgaging your lender should be able to give you a complete estimate in closing costs.
Karen Paytas, GRI, CMS
Real Living Kee Realty