Hello Robbie, As a Rocklad County Realtor one of the slight savings is paying $4 per/1000 in transfer tax. Another would be a slight decline in Title Insurance. Any further questions I can easily be reachec at any of the numbers or my email below. Always there to help! Regards Allan

Allan Erps, ABR
Accredited Buyer Representative
Prudential Rand Realty
95 South Middletown Rd.
Nanuet, NY 10954
VM(24 Hours) 845-770-2141
Cell Phone/Text 845-304-3040
Fax# 845-624-7137

Declining markets don't really affect the closing costs other than they are proportionate to the purchase price, which Gail was correct in saying around 4%.

Closing costs are tied into the sales price of the property and can be estimated at about 4%.