Jeff’s Carlsbad Blog for First Time Home Buyers

What You Should Know about Buyer’s Closing Costs

This article is specifically written for buyers in  California where we use escrow companies, as opposed to attorneys, to complete the transaction. But lots of this information may still apply, and it’s worthwhile to consider the overall concept – thinking ahead about your CLOSING COSTS.

Closing Costs can really add up - be prepared

Folks who have bought before will have some idea of this already, but first time buyers are often surprised at the fees they have to pay, on top of the mortgage, during their purchase. A savvy agent can, and should, share information with you about the fees you can expect, some of which depend on the price of the home.

If you aren’t being told, or the topic has not yet come up, ASK. You don’t want any big surprises.

The other thing to keep in mind is that in the case of SHORT SALES and REOs (foreclosures) the fees may be higher because the bank will not approve paying some of the normal seller-paid fees.

READ MORE: Some Home Buying Costs You ay Not Think About (Part 2 of 3) – Escrow and Closing Costs

Search for Homes Community Information Relocation Services and more How to get in touch with me

Visit my Real Estate Consumer Blog at Carlsbad Real Estate News for lots of information about the general area

All content copyright © 2010 Jeff Dowler “The California Relocation Dude”


One Response to 'What You Should Know about Buyer’s Closing Costs'

Subscribe to comments with RSS or TrackBack to 'What You Should Know about Buyer’s Closing Costs'.

  1. Great point, Jeff. I recently bought a home (via short sale) about three months ago. What I found was my lender actually spent the most time going over all potential closing costs with me. It was very helpful.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: