Uncategorized March 9, 2017

Don’t be surprised by Closing Costs

As a Realtor, I love to provide to all of my clients the information they need to be confident in their real estate transactions. Many people don’t know what questions to even ask, so we’ll go over everything in brief or detail – your choice. I also provide educational booklets and web links that are also great tools for the home seller or home buyer to use at their leisure. My goal is for you to not be surprised by anything!

According to a recent survey conducted by ClosingCorp, over half of all home buyers are surprised by the closing costs required to obtain their mortgage.

After surveying 1,000 first-time and repeat home buyers, the results revealed that 17% of home buyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.

“Home buyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”