National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter
Buyers Do Not Be Surprised By Closing Costs
But what are closing costs anyway?
“Closing costs are lender and third-party fees paid at the closing of a real estate transaction, and they can be financed as part of the deal or be paid upfront. They range from 2% to 5% of the purchase price of a home. (For those who buy a $150,000 home, for example, that would amount to between $3,000 and $7,500 in closing fees.)”
Closing costs are typically between 2% and 5% of your purchase price.
“…understanding and educating yourself about these costs before settlement day arrives might help you avoid any headaches at the end of the deal.”
Buying or selling your home is one of the most exciting times of your life! It can also be scary, confusing and stressful. I’ll work hard to make that process as painless as possible for you. I spen....
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