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Vanguard Realty Associates

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What are Closing Costs?

Filed under Facts on Dec 27,2017 | Tagged in: , , ,

Before you open the door to your new home, you’ll need to get through closing the deal. Closing, also known as settlement, is the process where papers are signed, fees are paid and you (hopefully) walk away with the title to your property. One of the most surprising facets of closing can be the fees and costs you must pay. As explained in this article from the New York Times, there are fees owed to the lender, fees for the home inspection, credit search and title search, as well as fees for transfer taxes, prepaid property taxes and homeowners insurance.

But that’s not all.

You may also need to pay for points. These are discount points that you might pay upfront in return for a lower interest rate. Sometimes, you can negotiate with your lender for lower closing costs, or you can shop around for reduced costs for some items, like your inspection or title insurance costs. The best way to be ready for settlement? Rely on your Vanguard Realty Associates professional. We understand the ins and outs, and will help you arrive at settlement ready to close the deal!

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Testimonials

"I worked with Donna Brun for the past year to sell my home in Cold Point Manor. The real estate market has not be optimal for sellers. I have to share it was a pleasure to work with Donna. Her commitment and honesty were important to me. She cares about the work she does each day which I find so valuable and refreshing in business today. I would highly recommend Donna Brun to help you with your real estate needs." - Scott Passman

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2350 Butler Pike, Suite 6, Plymouth Meeting, PA 19462 | Phone: 215-542-8381 | Fax: 484-344-5344 | Email: info@vanguardrealtyassociates.com

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