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Closing Costs

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Post by MichaelB on Tue Jan 19, 2016 12:03 pm

Can someone please tell me the usual and customary Closing cost when purchasing a home in Aijijic?

Thanks

Michael

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Post by David on Tue Jan 19, 2016 12:31 pm

Best answer will come from Spencer. Or, you could check with a Notario.
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Post by slainte39 on Tue Jan 19, 2016 2:54 pm

If dealing through a real estate agency, any broker/owner should be able to tell you.
If it is a FSBO, check with the Notario Publico of your choice.
It's mostly based on percentages of the purchase price.

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Post by Intercasa on Tue Jan 19, 2016 3:16 pm

I usually quote people 5% of the sales price but it can be less. Notaries charge a bit under 2% of the sales price and there is a municipal transfer tax of a bit over 2% but that is based upon the tax appraisal value which is usually less than the sales price. Another 1% for incidental costs such as tax appraisal which runs .003 per 1,000 of value, SRE permits and registry fees and no lien and tax certificates, etc.
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Post by Ezzie on Tue Jan 19, 2016 6:06 pm

Would not closing costs be different for buyer and seller?

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Post by Intercasa on Tue Jan 19, 2016 6:08 pm

Sellers dont really have closing costs except capital gains tax, movers and employee liquidation.
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Post by MichaelB on Wed Jan 20, 2016 8:18 am

Thanks all. closing next week and have yet to receive my settlement statement. Hope to see you all soon, Thanks much

MLB

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