Delaware Closing Costs

[Matt B.]

Hi All - Today I'm in Delaware looking at properties. We are looking all over northern DE (ie Wilmington, Newark, Claymont etc). I was looking at homes as high as $70k. When asked, the RE agent told me closing costs are between 8-10k. Something about that doesn't make sense to me. For my $235k property in NYC, closing costs were 10k. Why would my NYC property and this property in DE have almost the same closing costs when A) the DE property is about a third of the price as the NYC property and B) DE is a lower cost of living compared to NYC. Can anyone tell me what they have paid in closing costs for DE and maybe explain some of the charges that brings me to the 8-10k closing costs in DE?

Thanks! 

[Eric Armstrong]

Hey Matt-  seems a. It high. here are my thoughts, I don't have any paperwork in front of me with exact info though. 

Transfer tax is 1.5% of perchase price

Title work and ins - $1,500

Survey - 300-400

Inspection - 350-500

Recording - 200

Prorated Prop taxes - varies

Atty fees - 400-500

May be missing something.