As far as buyers closing costs, it depends on whether you are paying cash or if there is a loan. If it's cash you just pay the escrow fee and any prepaid HOA fees or taxes. Most likely the fees will be about $1000-$1500 if there are no large capital improvement fees to the HOA. If there is a loan involved, then you have the loan costs and you will also will be required to pay for title insurance. Many times the loan costs can be put into the back end of the loan, so again this will vary. Overall on average you can figure total closing costs including a loan will run about 2-3% of sales price.
Again this is all an estimate as every deal is different.
Hope this helps
Keller Williams Integrity First
US Preferred Realty Inc.
Are you working with a Realtor? If not, please consider starting a relationship today. Reason I ask, this is a great question for them to review with you, set your expectations as to what to expect.
Best of luck.
Spirit Messingham, PLLC
3rd Generation Full-Time RealtorÂ®
Tierra Antigua Realty
Direct (520) 471-6900
Fax (866) 365-5208