With the high cost of housing in Marin, real estate transaction fees can be particularly pricey. We often hear Marin buyers and sellers gripe about high transaction costs, and frankly, who can blame them? Well, for all you whiners out there, there’s a new report out that may ease your pain a little.
A recent study by the Organization of Economic Co-operation and Development (OECD) rates real estate transaction costs in the United States among the lowest in the world. The report shows that U.S. real estate transaction costs represent 9.07 percent of property values, compared to Korea, which has the highest rates at 22.08 percent.
Housing transaction costs in the OECD >> [Global Property Guide]