closing costs? (3%, price, contract, offer)

[joanchris2000]

I know these costs vary, however I was wondering if anyone could give me a ballpark figure on closing costs for a house priced around 225000.

I have a house FSBO and have received a good offer but the buyer wants 'all' closing costs paid by us. I know we need to counter with a fixed amount we would pay towards the costs, but want a good number to counter with.

THANKS

[palmcoasting]

Google 'closing costs for real estate in' whatever county and city you are in. There should be sites there that will tell you what is traditionally paid by the seller and buyer in your area.

[2bindenver]

Call his lender and ask for a copy of his GFE.

[oldmanbob]

Just a quick guess, and your cost could be anywhere from 3500 to even as much as 6 or 7. several costs, could be added, and what you need to do, is agree up to a certain amount.

[joanchris2000]

Thanks for the replies. We were thinking of agreeing to $4000....figured we'd have to come up with an amount rather than just saying we'd pay it all. This is our first time selling FSBO and the house has only been listed for 8 days

[onevthoki]

I always tell me buyers to estimate approximately 3% for closing costs. I definitely agree with you that you would want to set a fixed amount.

I recently completed a FSBO where I represented the buyer. When I sent over the contract to them, I made sure to include a copy of the lender letter, along with a copy of the earnest money deposit.

Congratulations on your offer!