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Closing Costs?

Posted: Sun Jul 14, 2013 5:05 pm
by SoFlorida
If I buy an older mobile home from the MH community, in general in that case will I be charged a closing cost. Obviously paying cash.

And if I were to sell it later on do I have to charge closing costs or does the park charge them> I know my question sounds stupid, but I know nothing about this subject.

Re: Closing Costs?

Posted: Tue Jul 16, 2013 12:42 am
by HouseMedic
As far as I know the closing cost are associated with a mortgage. It would depend on the mortgage company what the closing cost is at the time you get the mortgage. Since you are paying cash there should not be any closing cost per-say unless the park has a transfer fee associated with it.