Posted by E.Eka on November 20, 2003 at 14:50:19:
Closing costs are usually 1%-3% of the sale price of the property. Title insurance and any transfer or recordation taxes are based on the price of the property. All other fees are pretty standard but you can still usually negotiate with the settlement or title company.
First flip!!! Closing costs?? - Posted by A.J in Indy
Posted by A.J in Indy on November 20, 2003 at 10:55:20:
I?ve got a first flip property under contract !!! What kinds of closing costs can I expect coming my direction if I am flipping a $33,000 house in Indiana. Can someone give me a sample breakdown in Indiana. If it?s a double closing rather than an assignment, then what does a break down look like.? I signed with the addition of the clause ?or assigns? but did not locate the actual clause in the contract to delete it). Many thanks in advance. A.J. in indy