Investor · Virginia Beach, VA · Member since 2014 · 59 posts · 7 votes
Good afternoon everyone, If I plan on buying a house from a friend and he want to sell a the house for 285k. What am I looking at for costs as a VA buyer in Virginia. And what is he looking at paying in closing costs? Thank you.
A local title company can tell the “normal” closing/transfer fees that are paid by the seller and which ones are paid by the buyer.
Mr. Brooks,
Do you think that price could be reduced because myself and the other individual already organized the deal?
All transactions are “organized” before the title company gets involved and the title company will have more hand holding to do since you don’t have agents who know how to do everything.
Contractor · Denver, CO · Member since 2014 · 38 posts · 24 votes
5y
@Peter Hansen
You don't need an agent to buy this house. The agent's job is to pair up buyers and sellers and you've already done that. The title company can process the legal transaction for you. The money will be saved by not using an agent.
You don't need an agent to buy this house. The agent's job is to pair up buyers and sellers and you've already done that. The title company can process the legal transaction for you. The money will be saved by not using an agent.
That's the reply I like to hear. Have you done this before? Similar to what Mr. Brooks said above are there any books or reads for how to aid the title company so it isn't so painful for them?