Legal Question in Real Estate Law in Massachusetts
What fees will have to be paid if I buy a house directly from an owner.?
1 Answer from Attorneys
Our office frequently handles purchases like this for clients.
The answer to your question depends on a number of factors, including but not limited to whether you are going to be paying cash or financing the purchase with a loan. Some fees, like the cost of a survey or a title exam or recording fees, are predictable, while other fees and costs are somewhat less predictable or depend on the purchase price and/or loan.
Although it is an incredibly rough estimate, I would budget anywhere from $2,500 - $5,000 in addition to the purchase price for closing costs and pre-paids.
Our office charges a simple flat fee to represent a buyer or seller in a real estate transaction and to act as settlement agent for purposes of closing the deal. If you would like to discuss the specifics of your purchase, please do not hesitate to give me a call at 617-245-2611.
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