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Updated almost 7 years ago,

User Stats

14
Posts
7
Votes
Andrew Assman
  • Minneapolis, Minneaota
7
Votes |
14
Posts

Closing costs Confusion - off market deal

Andrew Assman
  • Minneapolis, Minneaota
Posted
I am currently working on negotiating an off market deal purchasing a SFH from a colleague in Minneapolis. In order to discount the price we are working without a buyers agent and just have a facilitator to do the paperwork. Here’s the current deal terms proposed from sellers: $225,000 purchase price Sellers cover closing costs estimated at $7,300 Sellers cover facilitator fee of 2% purchase price Is $7,300 in closing costs realistic for a $225,000 purchase price in Minneapolis AND does that include both buyers and sellers closing costs? A little confused about what closing costs the sellers would incur and wanted to make sure I have my info right before going back to sellers. Would that $7,300 cover buyers closing costs, too? Any help from any experienced realtors would help! Thanks, Andy

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