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Updated about 8 years ago on . Most recent reply

User Stats

28
Posts
10
Votes
Alex Boyce
  • Winter Garden, FL
10
Votes |
28
Posts

Closing Costs - Am I paying too much?

Alex Boyce
  • Winter Garden, FL
Posted
Hey BP, I'm new to real estate investing, and wanted to get some opinions on closing costs. I have already bought and sold a primary residence, prior to really getting into doing it as an investment. Made a profit, but was primarily due to market appreciation. The reason for my question is I feel like paid way too much for closing, both when buying and selling. I've seen a few other closing assumptions used and they were less than what I paid: Buying - Purchase Price: $135,000. Closing costs: ~$7,000 Selling - Selling Price: $180,000. Closing costs: ~$14,000 Did I get ripped off? Is this a function of my real estate agent? Should I find ways to lower this or suck it up? I have the final HUD somewhere that shows the detail. I'll see if I can dig it up for specifics. Thoughts?

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