Search This Blog

Monday, November 26, 2018

Ventura County Buyers: Don’t Be Surprised by Closing Costs #TimeToBuy #ChrisBJohnsonRealtor

Ventura County Buyers: Don’t Be Surprised by Closing Costs #TimeToBuy #ChrisBJohnsonRealtor #HyperLocal: #5StarREALTOR® Number 1 Realtor in Moorpark & Camarillo*, Top Three Realtor’s in Ventura County*, *AR Best Real Estate Agent, Luxury Home Auction Sp...

BY 
Real Estate Agent with Allison James Elite CA. BRE 01501699
 
Your home is probably the biggest asset you own. This is why you should hire a professional to guide youthrough all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sellhome. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve.....
Buyers: Don’t Be Surprised by Closing Costs! | MyKCM
Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?
By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a closing disclosure 3 days before the scheduled closing on their home. The closing disclosure includes final details about the loan and the closing costs.

But what are closing costs anyway?

According to Trulia:
Closing costs are lender and third-party fees paid at the closing of a real estate transaction, and they can be financed as part of the deal or be paid upfront. They range from 2% to 5% of the purchase price of a home. (For those who buy a $150,000 home, for example, that would amount to between $3,000 and $7,500 in closing fees.)”
Keep in mind that if you are in the market for a home above this price range, your costs could be significantly greater. As mentioned before,

Closing costs are typically between 2% and 5% of your purchase price.

Trulia continues to give great advice, saying that:
“…understanding and educating yourself about these costs before settlement day arrives might help you avoid any headaches at the end of the deal.”

Bottom Line

Speak with your lender and agent early and often to determine how much you’ll be responsible for at closing. Finding out that you’ll need to come up with thousands of dollars right before closing is not a surprise anyone is ever looking forward to.
 


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
POSTED BY

1 comment:

  1. https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/
    #ChrisBJohnsonRealtor
    https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96
    5 Star Rated REALTOR #ChrisBJohnsonREALTOR
    https://youtu.be/p4-VfR1DJNA
    Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor
    https://youtu.be/CRCXLh4EycU

    https://biteable.com/watch/sell-for-more-pay-less-chrisbjohnsonrealtor-1959786/afffdc699004f8b15891489c4de17b4cbd4e3a75
    https://biteable.com/watch/xome-super-seller-1954842
    https://www.ratemyagent.com/real-estate-agent/chris-b-johnson-xu316/reviews
    http://www.VCNeighborhoodValues.com
    http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.php
    http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/
    http://my.flexmls.com/ChrisBJohnsonRealtor IDX
    https://www.xome.com/auctions/agent-listings/Chris-Johnson/11009531
    https://drive.google.com/file/d/0Bzia-m_p1JFMMVMzSGZFdmNYV28/view?usp=sharing
    http://www.simplifyingthemarket.com/?a=97822-26df5ea08f8689012df0225866ae0bf1
    https://www.linkedin.com/today/author/chrisbjohnson
    https://www.linkedin.com/in/chrisbjohnson/detail/recent-activity/posts/
    https://www.linkedin.com/pro/chrisbjohnson
    http://www.linkedin.com/in/chrisbjohnson
    https://activerain.com/profile/chrisbjohnson
    https://activerain.com/blogs/chrisbjohnson
    https://www.youtube.com/c/ChrisBJohnsonRealtor
    http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/
    http://www.google.com/+ChrisBJohnsonRealtor
    http://www.google.com/+ChrisBJohnsonRealtorMoorpark
    http://www.google.com/+ChrisbjohnsonrealtorMoorparkShortSaleRealtor
    https://moorpark-short-sale-specialist.business.site
    https://chris-b-johnson-realtor.business.site/
    http://www.facebook.com/ChrisBJohnsonRealtor
    http://www.ChrisBJohnsonRealtor.com
    http://www.twitter.com/CBJRealtor
    https://www.pinterest.com/chrisbjohnsonre/
    https://www.instagram.com/chrisbjohnsonrealtor/
    https://search.google.com/local/posts?q=Moorpark+Short+Sale+Specialist&ludocid=5817891684567616689#lkt=LocalPoiPosts&lpstate=pid:249604486823837412&trex=m_t:lcl_akp,rc_f:nav,rc_ludocids:5817891684567616689
    https://www.google.com/search?q=Chris+B+Johnson+Realtor&ludocid=5798838494712077139&_ga=2.159473401.537763112.1546635339-659962020.1513365692#lkt=LocalPoiPosts&trex=m_t:lcl_akp,rc_f:nav,rc_ludocids:5798838494712077139

    ReplyDelete