As you prepare to buy a home, it’s important to plan for fees and payments you’ll be responsible for at closing, often referred to by the blanket term “closing costs.”
What are Closing Costs?
Closing costs are a combination of various fees you must pay before becoming the legal owner of any real property. They vary depending on the purchase price and how the purchase is financed.
What fees are included in Closing Costs? Some of the following list may be optional. your Realtor© and Lender can guide you through the process to determine which fees are required.
- Government Recording Fess
- Tax Services Fees
- Appraisal Fees
- Survey Fees
- Title Service Fees
- Attorney Fees
- Loan Origination Fees
- Underwriting Fees
- Real Estate Commission Fees
How Much Will I Have to Pay?
Actual Closing Costs vary from one transaction to another,
but a good rule of thumb is to prepare for 2-5% of the purchase price. 
NOTE: If you finance your purchase, it’s important to remember that Closing Costs are separate from the down payment amount required by your Lender.
Buying a home can be a daunting experience. Don’t worry! You can trust the real estate experts at Butch Whitfield Group to answer all your questions about the home buying process.
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