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Updated over 7 years ago on . Most recent reply

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Clayton Laing
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Closing Costs on Mobile Homes

Clayton Laing
Posted

Hi all,

First time ever posting on here, so hopefully this question doesn't seem too dumb or obvious. I'm currently in talks with a motivated seller looking to sell their mobile home (in a park, not attached to land) which I think I could end up purchasing for only about $3,000. 


My question is - how much should I expect to have to pay in closing costs (assuming I have agreed to pay for all such costs as part of my negotiating with the seller)?


I know a commonly used estimate is to expect about 3% of the sale price for closing costs, but will any title company really perform their work for, in this instance, only $90? Or should I expect something much higher that will cut into the potentially thin margins on such a low-cost deal?

Any help or insight would be greatly appreciated, I'm still completely new at this.

Thanks!

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