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Updated about 6 years ago, 10/25/2018
Minimum Closing Costs for $3000 Lot of Land?
In a recent acquisition of a portfolio of houses, I got a 0.2 acre lot of land in Cincinnati (Westwood neighborhood). I'm trying to sell it to one of the neighbors, not to build just to expand their yard, for its appraisal value ($3000), but I know nothing about the closing costs and fees involved in this.
If I'm paying the first 6% for commission, will I walk away with most of what remains? or will closing costs including transfer and title fees, etc eat up a lot of it?