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Updated over 5 years ago on . Most recent reply

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Charlotte Dunford
  • Investor
  • Johns Creek, GA
488
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Total cost to close

Charlotte Dunford
  • Investor
  • Johns Creek, GA
Posted

How much closing cost can you expect for a seller financed, 10-unit mobile home park? (Legal fees, inspections of all sorts, lender fees, other closing costs?)

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Steve Smithy
  • Boston, MA
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Steve Smithy
  • Boston, MA
Replied

Well if the seller is financing, I don't think they would charge much regarding lender fees, they might want to run your credit and charge a small fee for that.  Inspections of all 10 mobile homes?  Honestly you might want to have a good MH inspector just give you a bulk rate, figure $1000 or maybe more for that.  Legal fees relating to the note?  Probably $500-1000 for that, find a good local lawyer that knows about notes.

Best wild guesses here on my part.  Hope it helps a little.

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