Thompson - Homer Real Estate Team

Closing Costs

Q: What are closing costs and are they in the sale price or extra costs? Who pays them buyer or seller?

A: Buyer and seller each have closing costs. Buyer closing costs are above and beyond the purchase price, and typically run about 3% – 4% of the purchase price. If a buyer is paying cash, the closing costs are much lower. Most loan programs allow sellers to pay for some or all of the buyer’s closing costs. Your Realtor will be able to guide you through those issues based on what is common practice in your local market.

Leave a Reply

About Art Homer

Picture of Art Homer

Art Homer

Realtor

ahomer@jaquarealtors.com

269-209-6688269-209-6688 mobile

Jaqua Realtors

15150 Helmer Rd S Battle Creek, MI 49015

Latest Real Estate

10101 Blake Boulevard

Galesburg, MI

  • 3 Beds
  • 2 Baths
  • 1,281 sq ft
  • 12,402 lot
  • $199,900

10101 Blake Boulevard

Galesburg, MI

  • 3 Beds
  • 2 Baths
  • 1,171 sq ft
  • 12,402 lot
  • $189,900

3188 White Heron Lane

Battle Creek, MI

  • 2 Beds
  • 2 Baths
  • 1,151 sq ft
  • 31,363 lot
  • $256,300