Top 10 Most Expensive States For Closing Costs

August 19th, 2008

MoneyhousesmallWhen buying or selling a home participants always get nervous that they are going to be taken advantage of with mystery fees or excessive closing costs. The costs associated with a transaction of this magnitude are not to be trifled with.

So the annual survey by Bankrate.com of the costs to close a $200,000 loan is a benefit for the consumer. From the cheapest (North Carolina, $2,650) to the most expensive (New York, $4,016) these costs vary greatly.

It need not be said, so I must say it, that every closing is different so do not expect to see these exact numbers when you sit down at the closing table. But they do provide a useful barometer on pricing.

Top 10 Most Expensive States For Closing Costs

  1. New York: $4,016
  2. Texas: $3,975
  3. Florida: $3,683
  4. Oklahoma: $3,558
  5. New Mexico: $3,465
  6. New Jersey: $3,432
  7. Pennsylvania: $3,411
  8. Alaska: $3,409
  9. Colorado: $3,358
  10. California: $3,321

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Top 10 Most Expensive States For Closing Costs

Posted in 2008 Real Estate Predictions, 2009 Real Estate Forecast, Real Estate Sales, Uncategorized, real estate indicators | No Comments »