Figuring Closing Costs on Your Las Vegas Home Purchase
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
How Much Are Closing Costs on a Las Vegas Home Purchase? This is a good question and there is no blanket answer! There are too many variables coming into play here! Purchasing a lower priced Las Vegas property (Under $75K) that is financed – you could quite possibly pay up to 6%: Some lenders have larger % fees (even though they are making less $$) for low priced properties, an agent charged transaction fee (around $250-495) and Freddie Mac or Fannie Mae as sellers with their tax exemption could add a half percent (0.51% in Clark County NV to be exact) for transfer tax. This could round you up to 6% in closing costs EASILY on a $50K home purchase. The best way to estimate BEFORE you put an offer in on a house is to: Ask your agent what their “transaction fee” is – some charge a tran...
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