What goes into the closing cost of a property and what are you generally looking at paying?
sdonald,
The closing costs you will pay when you buy will depend on several factors.
How you are buying (lease option, sub2, seller financing, for cash with a bank loan, for cash with hard money) as well as your negotiating skills will come into play. After all, closing costs are negotiable.
If you are buying sub2, you may have 0 closing costs or you may have a few hundred dollars for attorney fees, title search, filing the deed, etc.
If you are paying cash and using hard money you may pay several thousand between the attorney, appraisal, lender’s points and other fees.
Many different scenarios here.