I have heard that there are costs to buy or sell a home?

Mon, 2010-04-19 10:12
Submitted by dallas

These are called Closing Costs. They are the costs to buy or sell a home. These include: lender fees, title fees, appraisal, etc.

Generally when purchasing a home, they will be 2-3% of the purchase price. When selling, it will be about 1% of the purchase price. These are only approximations.