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What taxes and other costs are involved with the purchase of Real Estate?

April 26, 2017costs involved purchase Real Estate taxes

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What taxes and other costs are involved with the purchase of Real Estate?

1 Answer

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10 Posted

A $500 escrow fee is due at the time of the reservation and is paid by the buyer. Transfer tax, registry fees, stamps, notary fee and other closing cost typically run about 4% of the purchase price and are paid at the time of closing.