How Much Does it Cost to Close on a Home?
Have you found the #home of your dreams? With so much going on during the buying process, it’s very easy to overlook the cost of closing. Home closing costs are usually paid to third parties, folks like your #realtors and #attorneys and in most cases range between 2% and 7% of the homes purchase price. So, on a $300,000 home you could be looking at between $6,000 and $21,000.
Keep in mind that while many of the costs are automatically the responsibility of the buyer or the seller, some are negotiable when determining the purchase price of your home from the seller. Others may be able to be negotiated with your #mortgage #lender.
The exact home closing cost will vary greatly depending on each situation but make sure you’re familiar with yours before you get too deep in the transaction. It is a huge variable that often goes overlooked early on in the home buying process.