Closing costs are important to remember

Buying

Remember closing costs when you consider buying real estate.  It is exiting when you have decided to dive into the real estate market.  During this time you should build a team working for you.  This team should include a loan officer and a real estate agent both familiar with the area you are interested in.  This is a very important step, in the home buying process.  After all, you don't usually wonder about with no direction when you buy a car, why would you for a home?

When you meet with the loan officer you will want to obtain a pre-approval for a home loan.  You will need to supply documentation for income, assets and employment, which will be verified.  During this process the loan type, loan amount and costs will be outlined for you in a document called the Good Faith Estimate.  It is in this document that you will find the projected closing costs, which can vary.  If you are looking for a rough estimate of closing costs, according to Freddie Mac  “Closing costs are typically between 2 and 5% of your purchase price.”

Recently Closing Corp conducted a survey and, over half of all home buyers are surprised by the closing costs needed to obtain their mortgage.  “Home buyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”

All real estate is local. York County South Carolina has a lot to offer. Whether you want to visit the lakes, or be entertained you will not be let down. York County also has medical centers and higher education centers available. If you are thinking of making a move, give us a call. We have the deep community roots and network to help you find your next home. We can show you all of the beautiful areas of York County.

We would like to invite you to visit ArbieTurnerHomes.com. We specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.

Courtesy of Arbie Turner Homes Keller Williams Fort Mill SC

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