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Just lawyer and closing costs of a house can be 2 percent of the house. Do this two or three times (one to buy new, one to sell, and one final to buy the downgr
by j7ake 3y ago
Just lawyer and closing costs of a house can be 2 percent of the house. Do this two or three times (one to buy new, one to sell, and one final to buy the downgrade) is easily 6 percent of a house.
So the house needs to go up 6 percent just to break even in the most ideal scenario.
- thfuran 3y agoTypical transaction costs for a sale with agents are 6% before closing costs.
- delfinom 3y agoMeh, the lawyers I've dealt with for real estate only charge between $1.5k-$3k per transaction since it's largely all boilerplate review for them that they do a lot. It's the real estate agent that take a 6% cut. Lol