Market Conditions in 10994>Question Details

Robbie, Home Buyer in Rockland County, NY

What is a declining market and how does the price affect closing costs?

Asked by Robbie, Rockland County, NY Sun Mar 2, 2008

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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
0 votes Thank Flag Link Sun Apr 5, 2009
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%.
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0 votes Thank Flag Link Wed Mar 5, 2008
Closing costs are tied into the sales price of the property and can be estimated at about 4%.
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0 votes Thank Flag Link Sun Mar 2, 2008
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