How Much Will My Closing Costs Be? MABA Massachusetts RealEstate FirstTimeHomeBuyers

This is a question both buyer and seller ask themselves, once the sale of a house is in its final stage. We are talking about the fees that have to be paid to the third parties for their help in facilitating the sale of a home. As you might have expected these fees can vary a lot depending on the location of a house you’re buying or selling. There are no rules, but you can expect for these closing costs to be anywhere between 2% and 7% of the house’s total purchase price.

Both buyer and seller had to participate in covering the closing costs. However, a buyer will have to pay from 3% to 5% of the total home’s price. That’s considerably more compared to seller’s one up to 3%. Either way, the closing costs have to be covered before the house is sold officially. Very often, buyers and…………….

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