How Much Does a Real Estate Closing Cost in Your State?
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- Опубліковано 13 жов 2024
- Real estate closing costs vary significantly across the United States due to differing state regulations and practices. In some states, title companies handle the closing process, while in others, attorneys are required, impacting the overall cost.
Title company states typically see lower closing costs, as title companies often charge flat fees for their services, including title search, insurance, and document preparation.
Conversely, attorney states mandate the involvement of licensed attorneys in the closing process. States like North Carolina follow this model, where attorneys review contracts, manage escrow accounts, and ensure compliance with legal requirements.
Tiffany Webber is a real estate attorney and owner of Thomas & Webber, a real estate law firm in Mooresville, North Carolina. They handle both commercial and residential real estate closings, estate planning, and business formations.
If you'd like to work with Thomas & Webber, please email info@thomasandwebber.com
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Thomas & Webber
514 Williamson Rd.
Suite 421
Mooresville, NC 28117
704-663-1600
www.thomasandwebber.com
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In Seattle it’s 2-5% of the total purchase price. The average home in Washington state is $600,000 so 2-5% is $12,000-$30,000
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In southern NY, legal fee for closing is around $2000. Plus there's bank closing costs and title insurance closing costs.
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12 years ago, the closing costs on my house was about 11 grand. That's in Connecticut.
In Nebraska: As far as title, escrow, and attorneys fees go it depends on the purchase price. Cash buyer of a $250k house is looking at about $1,500 in costs and fees.
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My closing cost on over a half million dollar house was $26 dollars.
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