Simultaneous Closings

Here's my problem. I have found a property I wish to purchase, rehab and flip hopefully within 3-4 months. However, I do not want to pay closing costs both as a buyer and a seller. How do you structure the purchase so that you don't have closing costs on the purchase end. As a realtor I will eventually list the property for sale and pay closing costs as a seller. I live in Florida. surprised

Comments(2)

  • Tedjr3rd February, 2004

    You will have to pay some closing costs even if you do all the documents yourself. Here is what I do on deals like this. If I have to pay the closing costs when buying I will get the title company (TC) to do the premilary title search and then do the deed etc myself. I actually had the TC notarize the deed for me at no cost. It was a sub2 and once it was remodeled and sold I got same TC to handle the sale and I had to pay for the policy at that time. I would be glad to help further if you have more questions. Please let me know by a PM

    Good LUCK and Thank You
    Hope this helps some
    Ted Jr

  • JoanParkinson3rd February, 2004

    In Florida there are heavy doc stamps on the deed. These are usually paid by the buyer. Do you avoid those the way you do it. I need to be a meeting this AM. Will return around 1PM.:

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