It takes a long time to save for a down payment on a house. The rest of us sacrifice
our gourmet coffee for the lukewarm in-office drip in the hope that
setting aside a few dollars a day will magically compound into enough to
buy our piece of the American Dream. And just when we think we have the necessary funds to make even the minimum 3% down payment, we’re slapped with another round of expenses: closing costs. In every real estate transaction, there are closing costs. Closing costs typically amount to 3% to 6% of the purchase price. Why the broad range?
Saturday, February 28, 2015
Closing Costs Increased 6% Last Year
You Can’t Avoid Closing Costs—But You Can Reduce Them:
It takes a long time to save for a down payment on a house. The rest of us sacrifice
our gourmet coffee for the lukewarm in-office drip in the hope that
setting aside a few dollars a day will magically compound into enough to
buy our piece of the American Dream. And just when we think we have the necessary funds to make even the minimum 3% down payment, we’re slapped with another round of expenses: closing costs. In every real estate transaction, there are closing costs. Closing costs typically amount to 3% to 6% of the purchase price. Why the broad range?
It takes a long time to save for a down payment on a house. The rest of us sacrifice
our gourmet coffee for the lukewarm in-office drip in the hope that
setting aside a few dollars a day will magically compound into enough to
buy our piece of the American Dream. And just when we think we have the necessary funds to make even the minimum 3% down payment, we’re slapped with another round of expenses: closing costs. In every real estate transaction, there are closing costs. Closing costs typically amount to 3% to 6% of the purchase price. Why the broad range?
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