Don’t Get Intimidated by Closing Costs
At
the end of the home-buying process, you will be faced with closing
costs, the fees due at signing required to complete a home sale. Closing costs can be expensive, but some of those fees may be negotiable. Check the Market Temperature The
nature of the housing market may dictate whether the buyer or the
seller picks up various closing costs. If it’s a buyer’s market—a bit
cold and homes aren’t selling well—sellers may be more willing to
bargain and take on some closing costs. If
it’s a seller’s market—the market is hot and homes are selling
quickly—the seller has the advantage and little incentive to give the
buyer a break. However, you shouldn’t accept any fishy-looking fees without asking first. Which Closing Costs Are Negotiable?
What are closing cost, read more.
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