Many sellers are unaware of "Typical" closing costs so I've started a page here for you. There is a great "Sellers Net Sheet" from Liberty Title, click here for it.
While most things are negotiable, the seller typically has:
NOTE: Parts of Michigan pay taxes in advance. So, at closing your unused portion of pre paid taxes are returned to you as a credit. Parts pay in "Arrears" so those are unpaid taxes you would owe as a "Debit" at closing. This statement has a "Credit" so you get money back at closing. CLICK HERE FOR THE SAMPLE CLOSING STATEMENT.
I hope this helps but if you have questions on closing costs send me an email.
Proud to be your broker,
Jeff Kermath
Detroit | Grand Rapids | Warren | Sterling Heights | Ann Arbor | Lansing | Clinton | Flint | Canton | Dearborn | Livonia | Macombship | Troy | Shelby | Westland | Farmington Hills | Wyoming | Kalamazoo | Rochester Hills | Southfield | Waterford | West Bloomfield | Novi | Taylor | Royal Oak | Pontiac | St. Clair Shores | Ypsilanti | Dearborn Heights | Georgetown | Kentwood | Battle Creek | Portage | Saginaw | East Lansing | Chesterfieldship | Roseville | Redford | Commerce | Meridian | Midland | Bloomfield | Orion | Saginaw | Holland | Pittsfield | Independence | Grand Blanc | Muskegon | Lincoln Park |
Jeff Kermath
734-649-4903
License #6505330456