CLOSING COSTS FOR BUYERS & SELLERS
BUYERS Land Bank Fee: 2% of the purchase price. First time homebuyers are exempt up to $1,000,000. Note: The Land Bank fee is not tax deductible but can be added to the cost basis of the property. Inspections and Due Diligence:Structural and building inspectionPest inspectionLead paint inspectionWater test (if property is on a well)Updated survey […]
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