Closing Costs

Closing Costs in Atlanta, Georgia

Closing costs are the various fees you have to pay to complete a real estate transaction. Whether you're planning to buy or sell a home, you'll want to make sure you are aware of the various closing costs you have to pay at the end of the deal. An excellent realtor will let you know about these charges as well as provide a detailed breakdown if there are any fees not associated with your sale. If you have any questions about these closing costs, please feel free to contact us today for more information.

Check out our original blog post at https://www.atlantadreamliving.com/.

Closing Cost Breakdown

Buyer's Closing Costs

• Appraisal Fee
• Application Fee
• Attorney Fees
• Home Inspection
• Discount Points
• Title Fees
• Title Insurance
• Down Payment
• Transfer Taxes
• Property Taxes

Seller's Closing Costs

• Pro-rated Property Taxes
• Pro-rated Real Estate Transfer Taxes

Check out our original blog post at https://www.atlantadreamliving.com/.

Tips to Reduce Closing Costs

1. Research the many Fees Associated with your Closing Costs

Be thorough when it comes to checking the various fees you see on your total closing costs. You'll want to familiarize yourself with each item and ask for a detailed breakdown before closing the deal. If you find charges listed twice, inconsistencies in the terms, or vague items you will want to clarify with your lender to have them removed.

2. Get Quotes from Multiple Lenders

The mortgage industry can be quite competitive, and you will want to take advantage of that. Inquire with different lending companies and let them know that you are asking their competitors. More often than not, you'll get a better deal just so the company can get your business. 

3. Close the Deal at the End of the Month

Closing the deal at the end of the month lets you save a bit on your prepaid interest. This amount is computed based on the remaining days of the month, thus getting you a discount if you finalize the transaction close to the end.

Check out our original blog post at https://www.atlantadreamliving.com/.