What is normal closing cost in Charlotte,nc?

Asked by Donnell Hankins, Charlotte, NC Thu Aug 14, 2014

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jillisdead, Home Buyer, Charlotte, NC
Sat Aug 16, 2014
Closing Costs break down as follows:

Seller pays all of the real estate commissions, usually 3% to the buying agent, and 3% to the selling agent.

Buyer pays the following items:
1. Appriasal: $500
2. 1% Origination fee to for the loan
3. Deed, title, attorney fees: Usually $1K to $2K depending on your laywer.
4. Banks require you to escrow your insurance, PMI, and Taxes for usually 3-6 month in advance depending on your bank. Mecklenburg taxes are a little more than 1%. Doing this can be $1K to $3K depending on how much you have your loan for.
5. Banks will typically charge misc admin fees of $200 - $500 Dollars.

These are more or less the big ticket items, most of these are variables based on the total purchase price.
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