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Greensboro, Winston-Salem, High Point The Triad Area
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Old 10-12-2010, 03:17 PM
 
5 posts, read 23,007 times
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I am trying to sell some property in NC to a family member, and do not really know the selling procedures. I am in the process of trying to find a real estate lawyer to help with the documentation and closing. Does anyone know about how much the closing costs and attorney fees would be for a piece of property being sold for $40,000? What all is the seller responsible for?
Any help is greatly appreciated!!
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Old 10-12-2010, 03:27 PM
 
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Closing costs are about 3-4% of the sale price which is generally paid by the buyer. Other costs (surveys, inspections, etc) are paid by the buyer also, but it is not uncommon for the seller to share some of this burden as an incentive for prospective buyers.
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Old 10-13-2010, 07:32 AM
 
Location: Greensboro, NC
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Not to worry - you will have to pay 2$ per thousand for revenue stamps for the privilege of selling in Guilford County (40 X 2 = $80) as well as a deed preparation fee to the attorney for about $100. All other fees should be the responsibility of the buyer (i.e. title search, deed recordation, attorney fee). Hope this helps.
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Old 10-14-2010, 04:12 PM
 
5 posts, read 23,007 times
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Thank you both so very much!! Maybe I will get through this!!
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