Where are the closing costs?
Where do closing costs come in? For example (according to how the show is presented):
550,000 max budget
500,000 winning bid on house
50,000 remodel budget
Closing costs would be between 2-5 percent, I would think. That's another 10-25k that would eat into the remodel. Unless seller is paying closing, which I doubt since they are paying the selling fee, where is this money factored in?