Highlands NC Real Estate, Closing Costs
Closing costs are part of the deal when buying and selling Highlands NC real estate. As a result, many buyers and sellers wonder if these costs can be reduced or negotiated. After all, so many facets of a real estate transaction are negotiable. As with every part of the process, asking questions and gathering information is very helpful. Sit down with a knowledgeable Highlands NC REALTOR and learn more about the closing table and costs associated with a transaction.
ABCs of closing costs
Closing costs exist for both buyers and sellers. The question is, what are these costs? The most common closing costs are related to the loan, the appraisal, the home inspection, and the title search, among other things. However, other fees may arise as well. The reason closing costs are important is that they represent an additional expense, above and beyond the contracted purchase price. As such, buyers and sellers should be aware so that they are not blindsided at the closing table.
When are closing costs revealed?
Closing costs vary but many of the individual expenses can be revealed along the way. It is easy to find out the exact cost or a reasonable estimate of loan origination fees, the home inspection, and any dues or transfer taxes. It is typical that these costs fall in the ballpark of 2 to 7% of the cost of the Highlands NC property. Additionally, many expenses can be negotiated between the buyer and seller in terms of who is responsible for individual expenses. The settlement statement will be available prior to closing and it is important to review it
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying and selling real estate in Highlands NC. We welcome the opportunity to update you on the market while answering all of your questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to learn more about closing costs from realtor.com.