Closing Costs for Buyers and Sellers
Closing Costs vary with every transaction. Traditionally, Hawaii transaction closing costs are divided between Buyer and Seller and are standardized in our Hawaii Association of Realtor contracts.
However, as with everything in real estate ~ all is negotiable.
Closing costs depend upon the type of property you are purchasing, the Hawaii State recordation method, and the type of loan and terms for which you qualify, and miscellaneous additional factors.
I generally tell my Buyers to estimate $2000 per $100,000 of the Final Sales Price and that seems to come out close to the Final Closing Costs.
With both Buyers and Sellers there are many elements that may add or subtract additional fees. When you are ready to place and offer or list your property, ask your agent for a general closing cost estimator!
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