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hi guys this is erica from gokuche capital now before i begin be sure to subscribe to our youtube channel and turn on notifications i was just in a real estate forum where a first-time homebuyer was shocked when they received a bill of 14 000 for their closing costs now as anyone who has bought real estate before knows closing costs can quickly add up and this is true for vacant land as well the exact amount will vary from situation to situation but on average at least when purchasing a home and there is a mortgage involved buyers expect to pay between two to five percent of the purchase price and closing costs and this can be the same with vacant land as well sellers on the other hand should expect to pay on average about six percent of the purchase price and this can actually be higher with vacant land depending on the price point since on lower value parcels of vacant land real estate agents may charge a flat fee now you may assume that most of these closing costs will be paid at th