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April 21, 2008
Typical closing costs
I'm a potential first-time buyer who, despite living in NY for 20 years, knows very little about real estate. Can anybody tell me what I should expect to pay in closing costs on a one-family home in Brooklyn that sells for around $950K? Thanks.
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I bought a 2 family house in Brooklyn last year. The purchase price was $600000 and I was told by my mortgage broker to plan up to 5% in closing costs. The actual closing costs were $14000, a little less than 2.5%. That doesn't include my attorney's fees, which was $1500.
Posted by: guest at April 21, 2008 12:40 PM
Use this link. It'll be pretty accurate.
http://www.corcoran.com/guides/index.aspx?page=ClosingCosts
Posted by: 10thStreetReno at April 21, 2008 12:47 PM
For what its worth we recently closed on a multi-family for around $1.1M and had about $32,000 in closing costs (some of which were paid by the lender).
Posted by: guest at April 21, 2008 3:35 PM
For what its worth we recently closed on a multi-family for around $1.1M and had about $32,000 in closing costs (some of which were paid by the lender).
Posted by: guest at April 21, 2008 3:37 PM
my total settlement costs ended up being about 3% of sales price.
Posted by: Jimmy Legs at April 22, 2008 12:16 PM
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