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I'm selling my condo for 220k since I will be moving. I owe 196k on it.
I'm selling to an investor in my building (we are located in VA) and at first he said he was going to pay 100% cash for it, but recently he told me he was going to finance the condo. (Not sure how much he is putting down)
Anyways, we didn't use a realtor so that should save us on some of the costs. As the seller, what should I expect to pay at closing? I know this is going to be hard to give an exact number, I'm looking for a ballpark figure. I'm hoping not any more than 2k since there is no 6% commission.
You may want to think about getting one...this could be more of a nightmare since condo associations are likely involved.
i don't think I'm going to lawyer up. the guy buying my place owns 4 other units in the building and is a friend of mine so he knows the ropes on how this works.
I just want to get an estimate on how much I should expect to pay and what a seller is normally responsible for paying.
i don't think I'm going to lawyer up. the guy buying my place owns 4 other units in the building and is a friend of mine so he knows the ropes on how this works.
A lot of Bernie Madoff's clients who lost a lot of money because of him were also his friends at one point...
maybe i will get an attorney to look over it first. ugh i was hoping to avoid that
Just tell him that with it being an association you really do not trust the association so you need your lawyer to give the deal a blessing.
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