Your closing costs as a buyer, if obtaining a loan, should be below three percent, just make sure to get a good faith estimate from your lender. If you are purchasing the home without getting a loan, your closing costs should be around $1,000 (no title fee, or lender fees).
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FYI - Your closing costs as a seller are generally going to be about eight and a half percent of the sales price - this should include everything; title, escrow, excise tax, and of course those darn real estate fee.
Joe Loutsis - Sat Jul 25 2009, 12:43