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Updated almost 4 years ago on . Most recent reply

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41
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16
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Brendan August
16
Votes |
41
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Closing Costs Questions

Brendan August
Posted

Sorry for the duplicate post...

I currently have a home under contract in Baltimore and I first off just wanted to thank everybody that I've spoken with personally or have learned from on the forums.

I was wondering if anybody had any thoughts on our closing cost breakdown. We are receiving 2% from the seller but there are a couple of things on here that I thought the seller was typically responsible for in Maryland. For example half of the Transfer Taxes and the Owner's Title Insurance. I know it depends on what is stated in our contract but I just want to make sure that if the seller typically pays for these things that we make sure it is in our contract next time or we go back and negotiate. I've included the closing disclosure below. Thanks everybody!

Most Popular Reply

User Stats

41
Posts
16
Votes
Brendan August
16
Votes |
41
Posts
Brendan August
Replied

Thanks @Russell Brazil

The purchase price is 181k. Is there a price point that would push it from 50% up to 100%? 

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