Who Pays the Closing Costs In a Land Deal?
Full Blog Post: https://retipster.com/who-pays-closin...
When buying or selling land, closing costs are an important part of the equation. But who is supposed to cover these costs—the buyer or the seller? In this video, we dive into everything you need to know about closing costs in a land transaction, including:
✅ Typical closing costs involved in land deals
✅ Who generally pays for what (and why)
✅ How to negotiate closing costs to your advantage
✅ Smart strategies to make land deals easier
Whether you’re buying or selling land, understanding closing costs can make all the difference in your bottom line. Join us as we explain the ins and outs of these essential real estate expenses!
🔗 Key Topics Covered:
Title insurance and title company fees
Property taxes and prorated responsibilities
Transfer taxes, recording fees, and who pays them
Tips for buying land at a discount and using closing costs strategically
If you're looking to close more profitable land deals and minimize surprises along the way, this video is for you!
Closing Costs Explained: https://retipster.com/terms/closing-c...
0:00 - Intro
1:34 - What Are The Closing Costs?
1:52 - Title Insurance
2:03 - Owner’s vs Lender’s Policy
3:14 - Title Company Closing Fee
3:47 - Property Taxes
4:22 - Transfer Taxes
4:59 - Recording Fees
5:25 - Mobile Notary
5:39 - What Changes When Buying at a Discount?
7:06 - What About When Selling?
8:13 - It’s a Game of Negotiation!
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