Before You Sign… Know THIS About Closing Costs & Hidden Fees!

Buying your dream home? Congratulations — it’s an exciting milestone! 🎉 But before you pop the champagne, there’s something important you need to know: closing costs and hidden fees can sneak up when you least expect it. 🚧💸

Here’s what every homebuyer should understand to avoid last-minute surprises:

💰 How Much Are Typical Closing Costs?

Most homebuyers can expect to pay between 2% and 5% of the home's purchase price in closing costs.
For example, on a $400,000 home, that could be anywhere from $8,000 to $20,000! 😮

So, what’s actually included in that amount? Let’s break it down:

📋 Common Closing Costs

• Loan Origination Fees: What the lender charges to process your mortgage.

• Appraisal and Inspection Fees: To ensure the home’s value and condition.

• Title Search and Title Insurance: To verify the property’s legal ownership.

• Escrow Fees and Prepaid Taxes: Covering property taxes and other upfront costs.

• Homeowners Insurance: Protecting your new investment from day one.

👀 Beware of These Hidden Surprises!

Not everything is clearly outlined at first. Watch out for these often-overlooked fees:

⚠️ HOA Transfer Fees
If the home is in a community with a homeowners association, there may be a hefty one-time fee to transfer ownership.

⚠️ Courier and Document Preparation Fees
Charges for sending, printing, and preparing legal documents can add up.

⚠️ Home Warranty Upsells
While a home warranty can offer peace of mind, some sellers or agents might push pricey add-ons you don’t actually need.

📣 Pro Tip: Ask for a Full Breakdown — Early!

Before you get too far into the process, ask your agent or lender to provide a complete estimate of closing costs.
Knowledge = Power — and way less stress when it’s time to seal the deal!

💬 Have questions about what to expect at closing?
I’m here to guide you through it all. Let’s talk and make sure you’re fully prepared when you get the keys to your new home! 🏡✨