Q: What Are the 5 Closing Costs Buyers Generally Pay?
Here are the five closings costs buyers should expect to pay.
Closing costs are a part of every real estate transaction. If you’re a buyer, what kind of closing costs should you expect to pay? There are five, in particular, you should generally prepare for. Today I’ll explain each one and how it varies based on your situation.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
1:01—No. 1: Lender fees (if you’re getting a mortgage)
2:23—No. 2: Title fees (again, if you’re getting a mortgage)
3:46—No. 3: Inspection fees
4:46—No. 4: Real estate taxes
5:31—No. 5: Insurance costs
6:53—Wrapping things up
As always, if you have questions about this or any other real estate topic or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.