If this is a cash transaction, the buyer will need the purchase price, tax pro-rations and a few other minor miscellaneous fees. If this is a mortgage transaction, the mortgage company that you are dealing with should be giving the buyer a “Good Faith Estimate” which will be very close to the dollar amount needed for the transaction. There are a few items that will always be pro rated and those amounts will not be determined exactly until a specific closing date is set.

Posted on Tuesday, January 27th, 2009 at 2:26 pm and is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.