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Updated about 6 years ago, 10/25/2018

User Stats

19
Posts
9
Votes
Peyton Zachrich
  • Rental Property Investor
  • Cincinnati, OH
9
Votes |
19
Posts

Minimum Closing Costs for $3000 Lot of Land?

Peyton Zachrich
  • Rental Property Investor
  • Cincinnati, OH
Posted

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?

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