If you’re looking at buying a home then you need to think about closing costs as an expense before moving in. So what is included in closing costs for buyers? Some of the top questions buyers have about closing costs are:
- What ARE closing costs?
- When are closing costs due?
- Can closing costs be included in the loan?
- Can you negotiate closing costs?
- How can I get help with closing costs?
- When do you pay closing costs and down payment?
Closing costs are a requirement of buying a home. Closing costs cover things like, pre-paid homeowners insurance, property taxes, title insurance, and more. Make sure you understand how much cash you need to come out-of-pocket in order to cover your closing costs.
Negotiating closing costs are an option for buyers but I wouldn’t make a blanket statement that you can always negotiate to have closing costs covered. Getting help with closing costs is always a nice bonus but depending on the situation, it may mean getting the house or not.
Check out my video to learn more about closing costs as a home buyer!
