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What Closing Costs are Needed in Commercial Real Estate in O

 
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TerryS6685



Joined: 12 Oct 2006
Posts: 4

PostPosted: Sun Apr 22, 2007 8:44 pm    Post subject: What Closing Costs are Needed in Commercial Real Estate in O Reply with quote

We are purchasing an apartment building in Cincinnatti Ohio and are unfamiliar with closing costs as we are from NY. Does it work the same (typically 5% of purchase price)? Any advise would be greatly appreciated.
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TraverseCityAgent



Joined: 27 Apr 2003
Posts: 4

PostPosted: Mon Apr 30, 2007 4:25 am    Post subject: What Closing Costs are Needed in Commercial Real Estate in O Reply with quote

Your realtor and the escrow company should be able to provide you with the answers. Most states require that they give you a good faith estimate.
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