What are the normal closing fees to be expected in a commercial purchase in Arkansas. Who pays what?

In Buying Property - Asked by Mary Ann M. - Jan 8, 2010
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Chris S.
Coeur D'alene, ID

NORMAL = COMMERCIAL ... I think that is an oxy moron. Nothing is typical and everything is negotiable. It would probably be safe to say that parties pay their own expenses and split those that apply to both sides.
For example, the seller will often pay to ensure their title (seller's title insurance) while the buyer will pay for any additional title insurance required by their lender. The seller may or may not pay for all commissions. Sometimes the buyer pays their broker and the seller pays theirs. Attorney's fees are paid by the party that hired the attorney ... etc. etc.

Jan 22, 2010
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