Attached is a great article that outlines closing cost in Montgomery County.
I hope this helps!
Bridgette "Kyria" Chase
Exit Bennett Chase
301.974.71110 | mobile
Shoot me an email and I'll send it along: email@example.com
All of these are good answers. For a more simple approach, I usually tell my clients about 9% of the sales price. This includes the following assumptions:
* 6% for realtor fees
(could be different, but for this number of 9%, 6% is from realtor fees. If you had realtor fees at 7%, the total would be 10%. If your realtor fees were at 5.5%, this number would be 8.5%, etc.)
* 1.1% for transfer and recordation taxes/fees
(this assumes you split 50/50 with the buyer and you are in montgomery county)
*1.5-1.9% for closing costs
(includes settlement charges from the settlement company/attorney, water escrow, other misc fees, etc.)
If you use this line of thinking for an estimate, when you get to the settlement table you should be happy. You can also ask the settlement company to run a preliminary HUD-1, which will break down all the costs, line item by line item. When you list the home, your realtor should have given you a "Costs of Closing Estimate" sheet. Let me know if you did not receive that or would like me to send you a copy.