Keller Williams Realty
"Life is to be enjoyed but just endured." Gordon B. Hinckley
You are going to probably pay an attorney to do the closing so that is around $300 plus the state transfer tax will be $46.99 on this price. The deed recording will be under $20.00. If you want title insurance the costs will be around 150-450 depending on who pays for the search. You also will either pay or receive credit for property taxes depending on when you close.
Closing costs are typically 3% of the purchase price. However; the amount you spend on the property you're interested in depends on what you will have done.
Will you get an inspection? (you should) even if you're buying the property "as is". Also take into consideration the cost of title search- this will tell you if their are any liens on the property or if there was any remodelling done, and if there was; was it done legally.
There is also homeowners insurance to consider. If there is an Association be sure to obtain an estoppel letter- this will give you detailed info about any fees that may be outstanding.
You may also want to consider using a local REALTOR to further assist you with the process. The Seller usually pays the Agent's fee.
All the Best- ADELL
This is great that you are being proactive and getting an idea of all the closing costs upfront so you won't have any surprises. If you are working with a lender they can provide you will a good faith estimate that will beak down all the costsâ€¦ if this is a cash deal you can get a preliminary closing statement /hud from the title company outlining all credits and debits on the sale
Wishing you the best of luck
It cannot be a "turn-key" beautiful, no-a-single-repair, completely-updated, house for $12,000!
You will also have to consider;
and your question indicates that you are doing this without a Buyer's Agent, who would be answering this question.
Good luck and may God bless
you are probably going to need it