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sdrealtor.
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January 13, 2011 at 2:00 PM #654113January 13, 2011 at 2:23 PM #653022
Doooh
ParticipantWhat are the transaction costs on a $500k home compared to a $150k?
January 13, 2011 at 2:23 PM #653088ParticipantWhat are the transaction costs on a $500k home compared to a $150k?
January 13, 2011 at 2:23 PM #653673ParticipantWhat are the transaction costs on a $500k home compared to a $150k?
January 13, 2011 at 2:23 PM #653811ParticipantWhat are the transaction costs on a $500k home compared to a $150k?
January 13, 2011 at 2:23 PM #654137ParticipantWhat are the transaction costs on a $500k home compared to a $150k?
January 13, 2011 at 2:29 PM #653037bearishgurl
Participant[quote=Doooh]What are the transaction costs on a $500k home compared to a $150k?[/quote]
Doooh, I was coming from a seller’s standpoint. It is not uncommon to have to pay 6-7% of the purchase price in commissions in rural areas or to get a multi-zoned acreage sold. One of my friends had put in a very expensive pool and did not recoup the cost, returning to SD in 3 1/2 years.
I don’t know the transaction costs in TX. Not sure if they use title cos or attorneys to abstract or how much it costs for an appraisal on a residence sitting on farm or ranchland. Many variables could be different than CA. Maybe bake would know.
January 13, 2011 at 2:29 PM #653103Participant[quote=Doooh]What are the transaction costs on a $500k home compared to a $150k?[/quote]
Doooh, I was coming from a seller’s standpoint. It is not uncommon to have to pay 6-7% of the purchase price in commissions in rural areas or to get a multi-zoned acreage sold. One of my friends had put in a very expensive pool and did not recoup the cost, returning to SD in 3 1/2 years.
I don’t know the transaction costs in TX. Not sure if they use title cos or attorneys to abstract or how much it costs for an appraisal on a residence sitting on farm or ranchland. Many variables could be different than CA. Maybe bake would know.
January 13, 2011 at 2:29 PM #653688Participant[quote=Doooh]What are the transaction costs on a $500k home compared to a $150k?[/quote]
Doooh, I was coming from a seller’s standpoint. It is not uncommon to have to pay 6-7% of the purchase price in commissions in rural areas or to get a multi-zoned acreage sold. One of my friends had put in a very expensive pool and did not recoup the cost, returning to SD in 3 1/2 years.
I don’t know the transaction costs in TX. Not sure if they use title cos or attorneys to abstract or how much it costs for an appraisal on a residence sitting on farm or ranchland. Many variables could be different than CA. Maybe bake would know.
January 13, 2011 at 2:29 PM #653826Participant[quote=Doooh]What are the transaction costs on a $500k home compared to a $150k?[/quote]
Doooh, I was coming from a seller’s standpoint. It is not uncommon to have to pay 6-7% of the purchase price in commissions in rural areas or to get a multi-zoned acreage sold. One of my friends had put in a very expensive pool and did not recoup the cost, returning to SD in 3 1/2 years.
I don’t know the transaction costs in TX. Not sure if they use title cos or attorneys to abstract or how much it costs for an appraisal on a residence sitting on farm or ranchland. Many variables could be different than CA. Maybe bake would know.
January 13, 2011 at 2:29 PM #654152Participant[quote=Doooh]What are the transaction costs on a $500k home compared to a $150k?[/quote]
Doooh, I was coming from a seller’s standpoint. It is not uncommon to have to pay 6-7% of the purchase price in commissions in rural areas or to get a multi-zoned acreage sold. One of my friends had put in a very expensive pool and did not recoup the cost, returning to SD in 3 1/2 years.
I don’t know the transaction costs in TX. Not sure if they use title cos or attorneys to abstract or how much it costs for an appraisal on a residence sitting on farm or ranchland. Many variables could be different than CA. Maybe bake would know.
January 14, 2011 at 7:44 AM #653374bake
ParticipantDoooh re property values, I am a mortgage broker not an RE agent, I suggest asking Austin agent Rich Cain:
re closing costs for buyers, your non recurring closing costs will be a little higher (maybe $500-$800) on a 500K purchase compared to $150K purchase and should total about $6000 – $7000, depending on a number of factors. These costs are often paid in full or part by taking an above market interest rate and receiving a rebate.
January 14, 2011 at 7:44 AM #653439ParticipantDoooh re property values, I am a mortgage broker not an RE agent, I suggest asking Austin agent Rich Cain:
re closing costs for buyers, your non recurring closing costs will be a little higher (maybe $500-$800) on a 500K purchase compared to $150K purchase and should total about $6000 – $7000, depending on a number of factors. These costs are often paid in full or part by taking an above market interest rate and receiving a rebate.
January 14, 2011 at 7:44 AM #654025ParticipantDoooh re property values, I am a mortgage broker not an RE agent, I suggest asking Austin agent Rich Cain:
re closing costs for buyers, your non recurring closing costs will be a little higher (maybe $500-$800) on a 500K purchase compared to $150K purchase and should total about $6000 – $7000, depending on a number of factors. These costs are often paid in full or part by taking an above market interest rate and receiving a rebate.
January 14, 2011 at 7:44 AM #654161ParticipantDoooh re property values, I am a mortgage broker not an RE agent, I suggest asking Austin agent Rich Cain:
re closing costs for buyers, your non recurring closing costs will be a little higher (maybe $500-$800) on a 500K purchase compared to $150K purchase and should total about $6000 – $7000, depending on a number of factors. These costs are often paid in full or part by taking an above market interest rate and receiving a rebate.
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