Buyers should know the closing costs associated with purchasing a home.
Usually, when buying a home, people don’t know what fees are associated with closing costs. You need to know about four closing costs in particular. Be in the know when purchasing a property so there are no shocks later. The costs you’ll typically pay include:
1. Lender fees. If you’re getting financing for a mortgage, there will be associated lender fees, and they vary depending on your lender. If you’re buying a home through us, look into one of our preferred lenders; these are lenders we’ve done a ton of business with because they don’t have outrageous fees. Lenders will be clear with you about these fees upfront.
“Be in the know when purchasing a property so there are no shocks later.“
2. Attorney fees. In both North and South Carolina, attorneys are involved in real estate transactions; this is to ensure everything is handled properly from contract to close. Each attorney charges a bit differently. They handle all the closing paperwork, and frequently, the same attorney will represent both the buyer and seller. They don’t handle conflict between the parties.
3. Title charges. A title is a legal deed with specifics about the property. You pay for a title search to ensure a clean title, and there’s also title insurance that proves you have a clear, clean title on your new house. To ensure a clean title, a title search is done, you pay for it, and there’s also title insurance so you can prove you have a clear, clean title on your new house.
4. Inspection fees. You must have your new property inspected by a reputable inspector; we work with several. Their fees vary depending on the size of the property.
If you’re considering buying or selling a home, we’re interested in interviewing for the job of being your real estate agent. We appreciate your continued support and loyalty. If you have questions about closing costs or real estate in general, reach out via phone or email. We would love to help you.