Home Sale Calculator in New Mexico

Question 1

Who pays closing costs in New Mexico?

Accepted Answer

Both the parties i.e., the buyer and the seller have to pay their respective closing costs in New Mexico. Seller closing costs mainly include agent commissions, home inspection, and some other fees, all of which could sum up to 5%-10% of the property’s sale price.

The buyers have to pay their closing costs as well which are mostly mortgage-related and could sum up to 3%-4% of their loan amount.

Question 2

Do sellers pay closing costs in New Mexico?

Accepted Answer

Yes, sellers do pay closing costs in New Mexico. If you are a home seller in New Mexico then you can expect to pay anywhere between 5%-10% of your home’s sale price as of closing costs.

However, you can save thousands of dollars by listing your home on the New Mexico MLS with Houzeo’s Flat Fee MLS New Mexico packages.

Question 3

What does the seller pay at closing in New Mexico?

Accepted Answer

As a home seller in New Mexico, your closing costs will mainly include real estate agent commissions, outstanding amounts owed on the property, prorated property taxes, settlement fee, title search, municipal lien search, HOA estoppel, documentary stamps on the deed, title insurance, etc.

Question 4

How do you calculate the seller's closing costs in New Mexico?

Accepted Answer

To calculate seller closing costs all you need to do is input the relevant details in Houzeo’s Closing Costs Calculator and you will have your estimated closing costs with just a few clicks.

Home Sale Calculator in New Mexico

Home Sale Estimate Calculator in New Mexico

Frequently Asked Questions

Closing Costs Worksheet