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browneyes
All moms are working mothers!
Member since 8/08 4311 total posts
Name:
Super Mom
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closing clost
Ok so on average how much do closing cost run in suffolk county??
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Posted 1/27/10 7:09 PM  |
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lullabella
LIF Adult
Member since 5/05 2246 total posts
Name:
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Re: closing clost
Depends on your taxes and the price of the home.
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| Posted 1/27/10 8:10 PM |
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HeatherRose
Life is Good :)
Member since 11/07 6605 total posts
Name:
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Re: closing clost
4-5% of the purchase price, and it depends on how much the axes are and when you close
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| Posted 1/27/10 8:41 PM |
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eddiesmommy
best buds!
Member since 5/09 11524 total posts
Name:
Melissa
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Re: closing clost
this should helphttp://www.prudentialelliman.com/MainSite/Guide/liclosingcosts.aspx
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| Posted 1/27/10 9:10 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: closing clost
Ours were 5% of purchase price and included 6 mos of taxes
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| Posted 1/27/10 10:20 PM |
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ruby
you rang?
Member since 6/08 5573 total posts
Name:
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Re: closing clost
Posted by HeatherRose
4-5% of the purchase price, and it depends on how much the axes are and when you close
How does when you close affect it? Do you pay the taxes that are left in the year, or the months that already passed?
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| Posted 1/28/10 9:10 AM |
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Nifheim
allo
Member since 1/09 5476 total posts
Name:
Jennifer
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Re: closing clost
for us we closed at the end of the year so we had to bank away the entire year's worth of taxes.
I think if you close in the beginning of the year you just have to pay back the first six months.
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| Posted 1/28/10 9:23 AM |
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Re: closing clost
Posted by ruby
Posted by HeatherRose
4-5% of the purchase price, and it depends on how much the axes are and when you close
How does when you close affect it? Do you pay the taxes that are left in the year, or the months that already passed?
It depends when the taxes are due, and if the current owner has / has not paid them...It also depends if your bank will be escrowing for taxes and insurance...
The date that you close also determines how much pre-paid interest you'll pay...you pay at closing for the interest for the balance of that month...so the earlier in the month you close, the more you'll pay...
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| Posted 1/28/10 10:17 AM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Re: closing clost
I paid around 3%
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| Posted 1/28/10 1:33 PM |
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