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Started By
Message
Closing costs
Posted on 10/23/25 at 1:07 pm
Posted on 10/23/25 at 1:07 pm
What are reasonable closing costs for a $40,000 land loan?
3
Posted on 10/23/25 at 1:07 pm to tigger4ever
Bout tree fiddy
Posted on 10/23/25 at 1:21 pm to tigger4ever
quote:
What are reasonable closing costs for a $40,000 land loan?
Prob 500-1000 if I had to guess…..cash deal?
Posted on 10/23/25 at 1:56 pm to tigger4ever
Typically 2% on average for real estate deals. The issue is you will likely have some flat fees from the title company just to close it and make all the work worth their while. So 2% will likely be closer to 4-5%
Posted on 10/23/25 at 3:17 pm to tigger4ever
Being quoted about $2500 for closing costs. Seems a little high.
Posted on 10/23/25 at 3:23 pm to tigger4ever
quote:
Being quoted about $2500 for closing costs. Seems a little high.
I would’ve expected all in to be closer to $1800, so seems high to me
Posted on 10/23/25 at 3:35 pm to IT_Dawg
Hard to tell without a breakdown of the fees to see what junk fees there might be. Some fees are set by the county/parish recording fees and title insurance is set by the state.
Posted on 10/23/25 at 3:39 pm to tigger4ever
quote:
Being quoted about $2500 for closing costs. Seems a little high.
for 40k. hell yes. i never paid more than a band more than that closing on homes over twice that price.
now that is for buying. selling is much cheaper. shop around and compare. that is what i did when i sell properties.
you should not be paying over 1k. 1500 max.
Posted on 10/23/25 at 3:41 pm to Im4datigers
quote:
Hard to tell without a breakdown of the fees
that is what i did when selling. compare and went with cheaper title company.
Posted on 10/23/25 at 3:44 pm to tigger4ever
yeah 2500 is over 5%. look elsewhere.
Posted on 10/23/25 at 4:27 pm to Im4datigers
I was trying to copy and paste the breakdown of the amounts of the closing costs. How do I do that?
Posted on 10/23/25 at 4:35 pm to tigger4ever
It depends on whether you are getting title insurance. Less than a thousand if no. More than a thousand if yes.
Posted on 10/23/25 at 4:38 pm to geauxpurple
Title exam is listed as $600.
Posted on 10/23/25 at 6:42 pm to tigger4ever
That’s high tell them to kick rocks.
Posted on 10/24/25 at 4:19 pm to tigger4ever
quote:
Title exam is listed as $600.
Does it also list owner’s title insurance? That is much more valuable, and the closer gets most of the premium, so I wouldn’t expect them to charge a separate fee for the exam.
Posted on 10/25/25 at 8:03 am to Twenty 49
Title search and title insurance are separate charges. Both are typical charges.
To the OP: 5% is high. I typically pay less than 3%.
To the OP: 5% is high. I typically pay less than 3%.
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