Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Closing Costs on Mobile Homes
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!