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Old 03-23-2010, 03:25 PM
 
2 posts, read 4,859 times
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What sure u expect for closing cost on a land purchase of 51,000? hurry !! need help!
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Old 03-23-2010, 07:37 PM
 
Location: Mostly in my head
19,631 posts, read 53,468,042 times
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Are you buying in TX or Maine? You posted in both forums. Costs may vary by state depending on tax situaiton and fees.
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Old 03-23-2010, 07:42 PM
 
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 33,322,966 times
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Quote:
Originally Posted by flaflygirl View Post
What sure u expect for closing cost on a land purchase of 51,000? hurry !! need help!
I'm having a hard time imagining a situation in which I would find myself in a big rush to learn about closing costs in two states...

I must know what's going on...
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Old 03-23-2010, 09:39 PM
 
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especially when normally people have realtors when they don't know what they are doing...
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Old 03-24-2010, 05:04 AM
 
Location: Keller
13 posts, read 68,481 times
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Well I can give you an average but this is just a round about number since I have no idea were you are closing on the property, if its a cash deal, whos paying title etc. You can assume typically though for that priced property to spend somewhere from $1800-$2800 bucks. But like loves2read said you really need to be working with an experianced realtor they can literally save you alot of time and headache.
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Old 03-25-2010, 08:04 PM
 
Location: Dallas/Fort Worth, Texas
4,128 posts, read 13,159,471 times
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If you're paying cash the fees are very nominal. You only have title fees to pay.

title policy is negotiable although over 95% of the time the seller pays for it.
On 51K it would run $508.
Title company escrow fee is varies between $275-$350
Attorney fee to draw the docs $50-$185
recording of the deed about $40
Tax Certificate $45
If a courier is involved ($15-$30)

You will also get a credit on the taxes for the time it was owned by the seller. At the end of the year, you will be responsible for the entire year.

Altogether, expect it to be under 1K.

Naima
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Old 03-29-2010, 03:26 AM
 
Location: Fort Worth, Texas
3,391 posts, read 4,090,811 times
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Quote:
Originally Posted by flaflygirl View Post
What sure u expect for closing cost on a land purchase of 51,000? hurry !! need help!

WTH?
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Old 03-30-2010, 09:34 PM
 
27,436 posts, read 44,934,740 times
Reputation: 14033
obviously in too much of a hurry to post back...
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