How much % of a sales price of 1.5 million of an apartment building will my closing costs be? (seller)

In Selling Property - Asked by Darrel B. - Jun 5, 2011
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Answer(s)

Michael E.
Broker/Agent
Houston, TX

Generally it is safe to assume about 1.5-2% to be closing costs. Add an additional 6% if you are using a licensed real estate broker.

Jun 6, 2011
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William C.
Broker/Agent
Pasadena, CA

Hi Darrel,
The previous responder was about right. In California the typical closing costs are: escrow at approx $2/1000, title at approx $3/1000, any county, city or state transfer taxes, termite costs, and misc. fees in the neighborhood of $500. Commission is what you negotiate.
Good Luck!

Jun 6, 2011
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Gregory G.
Broker/Agent
San Francisco, CA

Around $20,000
.
.
Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)968-6065
greg@nnnbrokersusa.com
http://www.gregorygarver.com

Jun 11, 2011
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Dina C.
Broker/Agent
Overland Park, KS

I find it absolutely essential to my business to have a very strong relationship with the title companies where I do business. I know with one phone call I can describe the deal and get real numbers. You will want to note that closing cost are generally 'county driven' and accordingly can vary quite a bit from region to region.

Jun 16, 2011
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Theodore B.
Broker/Agent
Houston, TX

Good question to call and run by a title company to make certain.

Jul 19, 2011
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