Buying a home

Quick Tip: Closing Costs

As a homebuyer, it’s important to plan and budget for the expenses you’ll encounter when you purchase a home. While most people understand the need to save for a down payment, many are surprised by their closing costs.

Remember to budget for closing costs.

What Are Closing Costs?

Closing costs are a collection of fees and payments made to a variety of individuals, companies, and organizations who are involved with the purchase of your home. While they can vary by location and situation, closing costs typically include:

  • Government recording costs
  • Appraisal fees
  • Credit report fees
  • Lender origination fees
  • Title services
  • Tax service fees
  • Survey fees
  • Attorney fees
  • Underwriting Fees

The best way to understand what you’ll need at the closing table is to work with a realtor like me. I can help connect you with a lender and settlement company, and together they can provide you with estimated closing costs for your situation.

Bottom Line

In today’s real estate market, it’s more important than ever to make sure your budget includes any fees and payments due at closing. Work with me to be sure you have the knowledge you need to be confident going into the homebuying process. Get in touch today. 703-963-0142 •

Categories: Buying a home, Quick Tips

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