Where is the most expensive place to buy or sell real estate? New York.
Not because of home prices although Manhattan is pricey . For the closing costs!
Bankrate, Inc. ran a survey that has New York State is the most expensive location in the country to close a mortgage transaction. The average closing cost in New York is $3,830, compared to Indiana (least expensive state) at $2,339. The survey looked at lender fees, title fees and settlement fees in 51 geographic locations.
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