(10-19-2018, 11:02 AM)Sijray21 Wrote: just curious, how much did most of you pay in closing costs (not including repairs, buyer requests) for selling homes? In the NOVA area it seems common that the seller pay for agent fees, but is that common in other areas?
Seller pays 6% closing costs, split between the agents.
I put about $3k into some final cleanup/landscaping/updates that I wouldnt have done if I werent moving. The sellers of my new place are going to be in about $6k doing some roof repairs and other small stuff.
When I bought the house I'm in now it was pretty common for sellers to contribute some money at closing... 7 years on, the market has changed and it seems to be unusual to have that included in the contract. I'm not getting any on the new house, and dont plan on giving any up on the old house. It looks like closing costs on the new place are around 3% of the sale at $20k. I need to go back and do some math on that before we lock the rate because that also includes paying down the interest rate with 1 point ($6k).
So yeah, moving is fucking expensive. The closing costs and realtor fees alone would buy me a 996 turbo.
The buying/selling industry is the same as it was in the 1950's and its fucking awful.