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Updated over 5 years ago, 06/03/2019

User Stats

10
Posts
12
Votes
Madeline Lamour
  • portland , ME
12
Votes |
10
Posts

Esrimation of closing fees

Madeline Lamour
  • portland , ME
Posted

Beware NH investors,

Hello all, I am moving to NH in a few weeks and I have been studying the market and running the numbers on a few properties. I am on BP almost everyday, whether it is reading articles or listening to hundred of podcasts. However, there is still one thing I don't have a grip on: all the fees associated with buying a property. I have 8 doors in France, and over there, it is simple: the price of the property includes the agent fee then you add about 9% of the house price for the closing costs (notary) and that's it. In the USA, is the agent cut included in the asking price? Then how to count the closing costs for an accurate estimation of the total amount needed? Is there an average percentage?

I don't want to think I only need 5000$ down on a 100000$ property ro then discover that I need another 5000 for closing costs.

Thanks for your answers,

Madeline

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