Buyers Closing Costs

In purchasing a home there are costs that go into making the transfer from one party to another, and also in closing the loan between a borrower and the investor (bank). Now, I know, WHAT ,you ask, is up with that?  Isn’t it enough that we are paying a whole heap of money (translate:  A LOT), without all these extra charges?  Well, if it were up to us, yeah (well except for us), but don’t shoot the messanger.  Both the seller and the buyer have closing costs associated with the sale/purchase of a home. 

Below is a little video I found that explains in 2 minutes all about closing costs.  You know, a picture is worth a thousand words…

Now, there is no Federal Title Co here in Utah, but there are great title companies that will help you with your home purchase .  We happen to use United Title which does not have a spiffy video, but is a great title company anyway.  One of the resources you can find on Their website is an example of a Settlement Statement, so that you can see what is on one, along with a step by step  guide on how to read it. 

Anyway, when you get to the point of making an offer, if you are working with us, your favorite Keller Williams Realtors and most awesome buyers agents, you will already know these things well and we will have explained each of these to you so that you understand what they are and where these closing costs fit into the scheme of things.  Also, you will know how you can role these into your mortgage or have the seller pay them. Did I see a little light bulb go on there? 

And…If you are not working with us…

Well….you should be.

And as Forrest Gump would say:  “That’s all I’ve got to say about that”