Selling your home in Michigan should be a straightforward matter. Unfortunately, thanks to the closing costs, it's hard to work out what you'll get in the end. Are you liable for closing costs? Is the buyer? What are the fees you'll pay? It's all very confusing.
In this post, we’ll discuss closing costs and what they cover, whether you're buying Bay Harbor real estate or Burt Lake real estate.
What are Closing Costs?
These are the costs that come due once you've finalized the sale of the Michigan home. The fees average out at 1% to 3% but can go as high as 7%. The actual amount you pay depends on the state and town you call home. Each state and city have their regulations.
If there’s sufficient equity in the home, these costs will be…