Escrow Companies Feel the Heat
May 16th, 2008Everyone knows that the closing costs in a real estate transaction can add up quickly. If you are the seller you pay excise tax (1.78% ), agent commission (typically 6%), and title and escrow fees which vary from company to company. For example, if you were to sell a $600,000 property you can expect to pay somewhere around $49,000 in closing fees!!! If you are purchasing a $600,000 property ...