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I want to know if I have a $40,000 cash budget to get a REO...

how much should I offer in order to cover all expenses (closing, realtor fees, etc)?
  • May 23 2013 - San Antonio
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Answers (3)

I'd be more than happy to draw up a seller's net sheet for you and discuss the details of the transaction if you've got questions.

  • October 06 2013
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Profile picture for Will Rodgers
Realtor fees are generally paid by the seller, unless the broker has an admin fee. 

I tell clients that closing costs are generally 3 - 3.5% of sales price. Sometimes the seller will help with closing costs. 

You also will want to have a home inspection done, around my area this is around $300-$500. 

  • May 23 2013
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If you're working with an agent, they can provide you with a good faith estimate of your expenses. There are too many variables to give you a guesstimate.
  • May 23 2013
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