So you have made a final decision on the purchase of a home and you are ready to go ahead and close the deal. For many people that have previously purchased a  home, they know what to expect at the closing. A first-time buyer, however, may be surprised to find out that there are closing costs involved. Here are just some of the typical costs you can expect.  Please check with me before
closing, so you will know beforehand what funds you will need at closing.

Survey

You are going to have to typically pay  for a survey at closing if your lender requires one.

Processing and underwriting fees

Basically these fees are a charge for processing the loan that you are paying the lender to underwrite. Again, before heading to the closing table, as your Realtor, I can give you a rough idea of how much the cost will be.

Title insurance

This insurance covers the title of your new home so that there is no unauthorized future claims of the property. It is in the best interests of both the lender and the buyer to get this insurance.

Appraisal fees

These appraisal fees are paid to any independent appraiser who determines  the market value of the home. This is necessary to determine the eligibility of the home as collateral.


Again these are just some of the closing costs associated with buying a home.  There are other fees and closing costs for the home buyer, but working closely with me as your real estate agent, and using tactical negotiations can lower the costs significantly. Find out an approximate amount of your closing costs before you head to the table so that you can fully understand what you can reasonably expect to pay.

There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about our local real estate market including current homes for sale, property values and more please visit my website www.EveLucas.com which is dedicated to everything  real estate. So please feel free to contact me with any of your real estate questions and  I will be more than happy to answer your questions. Call me on my cell at 281-615-1911 or email me at eve@evelucas.com.

If you or someone you know are in need of a competent and caring real estate professional then please Let Eve be the first name you think of for all of your Real Estate needs!