Closing Costs: The Ultimate Guide
When you are buying a house, there are a lot of costs to consider. Besides the down payment, you will also need to budget for closing costs. Closing costs are the fees and expenses that come with finalizing your purchase. They can add up to several thousand dollars, so it’s important to plan ahead. In this FastExpert guide, we’re going to examine the best ways to budget for closing costs, how to negotiate with sellers, and how to get help with closing costs if you need it. What Are Closing Costs? Closing costs are the fees associated with buying a house. They can include everything from lender fees to title insurance and property taxes. The average closing costs in the US are about 3-6% of the purchase price of the home. For example, if you’re buying a $200,000 house, your closing costs could range from $6,000 to $12,000. This is … Continued
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