Forecasting Fee's included on a Cash Purchase....

[Stacey Anderson]

I have an opportunity on an investment property, all cash purchase.  I am trying to itemize closing costs/fees in addition to Realtor commission and wondering most effective ways to project the costs.

Scenario:

Purchasing at $150k plus 3% Realtor commission and closing costs.  Property is valued at $320k. It's a double-wide manufactured home on 12.5 Acres.  The back 1/3 of the property is flood zone with a creek, but home is not in the flood zone portion.  The home was moved once but has been at this location for 10 plus years so that negates any future gov financing, but can still be financed conventional.  The current tenant would lease from me for 1yr + 1day so I would not be charged short term cap gains upon sale, and then he would purchase the property from me.  I've confirmed he can purchase, he just needs the time to save down payment. I will have a lease contract and backup contract in place incase he can't purchase at the end of the lease.  

Thanks,

Stacey