What are closing costs?

Closing costs are the fees for services, taxes or special interest charges that surround the purchase of a home. They include upfront loan points, title insurance,credit report, escrow or closing day charges, attorney feee, document fees, prepaid interest , property taxes, appraisal, survey, recording fees, home owners insurance,home warranty, home inspection, termite inspection or any other inspections.
Unless, these charges are rolled into the loan, they must be paid when the home is closed.
A few of this closing cost must be paid before closing like the appraisal and the home inspection.

As a buyer agent in Durham North Carolina and the Triangle area , I always negotiate for the seller to pay for most of the buyer's closing cost. Depending on the purchase price of the home the average closing cost can be between $5,000 to $7,000.

Plenty of complimentary information is offered in terms of purchase, sale or investment in SW Durham North Carolina
real estate. To get comprehensive info about the SW Durham North Carolina real estate market including current
homes for sale, property values and more please visit the most complete website online dedicated to everything
SW Durham North Carolina real estate. I would be happy to answer your questions about real estate or mortgages.
I hope you will feel free to call me with any questions you may have. The best place to reach you is on my
mobile phone and here is the number. 919-641-3911 You can also send me an e-mail. willie.velez@gmail.com.

For a complete detail on everything on Durham North Carolina Real Estate visit our website at: http://FavoriteHomeRealty.com