Answers (5)
I would consider an "up to" amount....put a cap on it - with rate buydowns and such it could easily get out of control.
- Maria Morton, "MariaMorton"
- Contributions:765
Around here, closing costs on a 150,000 house would be around 2--3,000. The seller may elect to build the closing costs into the price, providing the buyer agrees. Just ask your agent to show you how this is done.
- carolynne1959
- Contributions:29
Thanks for your responses. Now I have an idea what I will be responsible to pay.
I am getting my full asking price in return for paying the CC. Signing purchase agreement today and hope all goes well from there!
Thanks again!
I am getting my full asking price in return for paying the CC. Signing purchase agreement today and hope all goes well from there!
Thanks again!
- Margaret Hickman, "kittenonkeys"
- Contributions:613
Closing costs depend upon the price of the house and the fees the lender charges as well as closing agent's fees. Loan origination fees are generally about 1% of the sales price, and underwriting fees may be 1/2%. Then there are miscellaneous fees, recording fees, etc. I just wrote an offer for a $200,000 house, and the closing costs for this one are approximately $8,500.
I'm told Louisiana is one of the highest closing costs states in the nation. If I were you, I would set a limit on the amount I would be willing to pay and stipulate your willingness to pay these costs is based upon receiving a full-price or near full-price offer.
I'm told Louisiana is one of the highest closing costs states in the nation. If I were you, I would set a limit on the amount I would be willing to pay and stipulate your willingness to pay these costs is based upon receiving a full-price or near full-price offer.
- Ted DeFazio, "tdefazio"
- Contributions:657
About 3% of the purchase price.
I'm offering to pay our buyers closing costs...
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