What are closing costs?
Costs involved include but are not limited to discount points, appraisal, attorney fees, and taxes just to name a few. Typically, home buyers will pay between 2 to 5 percent of the purchase price in closing fees. A very popular alternative to paying the closing costs out of pocket, is to have your Real Estate agent negotiate the seller to pay the closing costs on your behalf. In addition, you may be entitled to receive a lender credit to absorb your closing costs if the seller is unwilling to cooperate.