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North Carolina Triangle Closing Costs

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Closing Costs in North Carolina Triangle

Closing costs is the total amount of money you have to spend on various fees when you complete a purchase of a home. These expenses vary depending on the municipality where you are buying a home and are an essential consideration if you plan to buy a new property.


Check out our original blog post at https://www.findnctrianglehomes.com/ for more information.


Home Buyers Closing Costs

Lender Fees:

  • Loan Origination Fee
  • Tax Service Fee
  • Flood Certification Fee
  • Credit Report Fee

Third-Party Fees

  • Title Insurance
  • Attorney Fees
  • Recording Fees
  • Appraisal Fees
  • Tax Transcript

Pre-paid items

  • Interim Interest
  • Escrow Account
  • Homeowner’s Insurance

Home Sellers Closing Costs

  • Agent Commission
  • Transfer Tax
  • Title Insurance
  • Escrow Fees
  • Prorated Property Taxes
  • HOA Fees
  • Credits Toward Closing Costs
  • Attorney’s Fees


Check out our original blog post at https://www.findnctrianglehomes.com/ for more information.


How to Lower Your Closing Costs in North Carolina Triangle

1. Find a Broker that Provides a Rebate

You can ask your broker for a discounted fee, primarily if you work with a company that offers a rebate on their commission. You can opt to do some of the legwork such as visiting a home you like on your own to avail various discounts on your purchase.

2. Research Associated Charges

It's always a good idea to know what you're paying for, and this rule applies when it comes to closing costs. Many firms have different terms for various fees to confuse most customers - make sure you ask for a proper explanation on each charged fee and have any unnecessary fees removed from your transaction. An excellent example of this is the mansion tax, which applies to properties priced over 1 million dollars. Getting the sale price lowered down will exempt you from this tax.


3. Check Out Multiple Lenders

Review offers from multiple lenders - let them know that you're checking out offers from their competitors. The industry is quite competitive, and most of the time companies will provide better deals to close the sale. Make sure you hear out the offer from as many lenders as possible and have all charges explained adequately. This will give you the highest chance of landing the best deal possible.

4. Schedule Your Close Date at the End of the Month

Scheduling your close date at the end of the month provides the added benefit of reducing your prepaid or “per diem” interest. The less number of days between the closing date and the start of the following month, the more savings you can earn for yourself.


Check out our original blog post at https://www.findnctrianglehomes.com/ for more information.

If you would like to receive a FREE Competitive Market Analysis, contact me today.

Let Me Help You Find Your North Carolina Triangle Home!

If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at 919-452-6484.

Nate Howard
Howard Group Real Estate
PO BOX 981
Apex NC 27502