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Apr 30, 2024 · For a $242,672 home — the median value in Indiana — you'd pay around $6,695. Typical seller closing costs in Indiana include the title and closing service fees, owner's title insurance policy, real estate transfer tax, and recording fees on the closing date. Optional closing costs for sellers include buyer incentives, the prorated property ...
Nov 13, 2024 · Some seller closing costs on a cash sale in Indiana are attorney fees, closing/settlement fees, escrow fees, HOA fees, pro-rated property taxes, and title insurance. Since the buyer does not opt for a mortgage in case of a cash sale, they do not have to pay lender-related closing costs like application fees, appraisal fees, credit report fees, discount points, lender’s title insurance, and ...
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Aug 28, 2023 · As of July 2023, Redfin data shows that the median home sale price in Indiana was $258,400 — 0.9 percent of that would yield closing costs of $2,325. Home prices fluctuate greatly across the ...
Aug 22, 2024 · In Indiana, it typically costs 11.87% of a home’s sale price to sell a home. For context, if you sell a home that costs $250,000, you’d likely pay around $29,684 in closing costs; $29,684 for a $250,000 home; or $59,367 for a $500,000 home. Keep in mind that these costs are just estimates. Your specific costs will depend upon your home’s ...
Aug 13, 2024 · Property taxes. According to WalletHub, Indiana ranks 21st in the country in terms of property taxes, placing it above cities like Montana and Kentucky. Real estate in Indiana is taxed at a rate of $0.7090 (70.9 cents per $100) , with a median home value in the state of $264,000. To get a better idea of what you might owe, consult a property ...
Jun 21, 2024 · The median home value in Indiana is $227,165. So, if you are selling a house in Indiana, you may have to pay $18,173- $22,716 as closing costs. On the other hand, if you are buying a house in Indiana, your closing costs may range between $4,543 to $11,358.
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Sep 12, 2024 · Sellers who use a real estate agent can also expect to pay their agent’s commission. This typically runs between 2.5 and 3 percent of the home’s sale price, so it’s lucky for Indiana sellers ...