Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

Account Closed
0
Votes |
2
Posts

selling and reviewing escrow fees

Account Closed
Posted

I am selling a condo in San Diego and will be going over the estimated escrow statement this afternoon.  
I know there are bunch of line items and I will have to familiarize myself with the closing costs.  

Asking for some insights on what to question/get lower on the escrow fees.

Also, looking at the capital gains, the choices are 12.3% of the net gain or 3.3% of the purchase price.  I do not plan to buy another property.
I bought it for $379k and put $100k into it so the basis is $479.  

12.3% of net gain (net gain is $266,000) = $32,718

I'm selling it for $745k.
3.3% of selling price 745k=$24,585

So it looks like I should go with 3.3% of 745k=$24,585 for capital gains.

Loading replies...