How do the buyer and seller closing costs break down for a condo or townhouse in NYC?

Asked by Chelsea, New York, NY Sat May 5, 2007

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Top Frog, , New York, NY
Wed May 9, 2007
Well with new constuction the buyer can many times be expected to pay the SELLERS closing costs - so check your contracts! Besides that the closing costs are textbook - the poster beneath me has the numbers (first poster) - so just know that around 4% of the purchase price of the property could be chewed up between taxes, expenses, insurance, legal fees, points, etc. c'est la vie!
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