Home Buying in Southfield>Question Details

D.Wiley, Home Buyer in Detroit, MI

what is the average cost of the closing cost for a house costing $35,000.?

Asked by D.Wiley, Detroit, MI Mon Dec 27, 2010

iam looking to buy a home.

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Answers

5
Since it is highly unlikely a loan can be obtained for that amount through a conventional lender, you will be making a cash purchase. As Brian indicated, your costs are small a few hundred, five hundred at the most.
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However, you fail to reveal what you are buying, (a house for $35,000 suggests this is only the beginning of your real costs) the situation of the property, what the contract states and what the seller may be imposing on you.
Based on what little is revealed...a few hundred should do it.
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There are a lot of folks on Truia inquiring if there is homes availble for $35,000. are there more?
0 votes Thank Flag Link Tue Oct 22, 2013
offer for single family is 45,000 with 25 % cash down second home,location walker county alamba.amount to finance will be 35,000 thank you.
Flag Sat Feb 8, 2014
It is a cash sale and we will be the buyers of the house.
0 votes Thank Flag Link Tue Oct 22, 2013
What is the closing cost of a house sale of $35,000
0 votes Thank Flag Link Tue Oct 22, 2013
Assuming the purchase would be cash at this level....the majority of the closing cost would be on the seller....something between $150 and $250 for the buyer seems about right. I would be happy to provide a contact if you need more information.
Web Reference: http://contact4homes.com
0 votes Thank Flag Link Mon Dec 27, 2010
We need more info to advise properly...

Cash, or mortgage?

Buying or selling?
0 votes Thank Flag Link Mon Dec 27, 2010
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