Posts from January 7th, 2019
Sprague & Curtis Real Estate Blog
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January
7
7
Buying an Augusta Home? Don't Be Surprised by Closing Costs
If you're in the market to buy a home this year, and you're looking for Augusta homes for sale, then make sure you're considering all of the financial factors surrounding your new home purchase. Of course, there's the purchase price and down payment that you'll be well aware of, but are you prepared for the closing costs with your new home? Don't be surprised by closing costs!
- Closing Costs Explained
In a nutshell, closing costs are your responsibility for all of the legwork that goes into your home purchase. As a buyer, you'll be responsible for lenders fees, third-party fees, homeowners' fees, and any fees or costs associated with your title, including attorney's fees.
In essence, closing costs encapsulate all of the "extras" involved in your real estate transaction and basically sets you up for a future of homeownership. While some mortgages allow you to roll closing costs into your monthly mortgage payment, be sure to set aside 2%-5% of your home's price for closing costs if you're in the planning phase of buying a home.