Buying a Santa Clarita Home may include closing costs

    As a real estate buyer, there are “things” that are typically paid called “closing costs”.

    closing costs in Santa Clarita real estate
    closing costs in Santa Clarita real estate

    It’s important that your consummate real estate professional cover what those are(closing costs). If you are working with our RE/MAX Team, then you have found the right agents because we cover them in our crash course on real estate before you view the very first home.

    I will do that here, in limited detail, due to our not being able to interact with each other as we do with our clients in our offices during our Real Estate Crash Course.

    Closing costs include three different things for a real estate buyer.

    • The fee that your lender will charge to get you a loan for a home, condo or town home
    • The buyer’s part of the Escrow Fee
    • The buyer’s part of the Title Fee

    Escrow Fee – Typically Sellers pay their part of the escrow fee and the buyers pay their portion. Depending on the escrow company – they usually cost 1% of the purchase price.

    Title Fee РThis is the fee for something known as Title Insurance in real estate. It is a insurance program that protects you and your identity and your home, condo or town-home, from people saying you owe them money, who are making up stories.  You may have heard of Liens and Encumbrances Рthese are issues that can cause you problems. This fee is about 1% of the purchase price as well.

    Lender Fee – Whether you are using a mainline back, mortgage broker or a direct lender, there is going to be a cost for you to borrow money. If you are going to use Bank of America to borrow money to buy a home, they will charge you to do so. Make sure you ask, who you are using to borrow money to buy a home, what it will “really cost” in “real” dollars and cents.

    Regarding¬†these fee’s, you can pay them various ways. You can pay by check, money order, by wiring funds, credit cards, sometimes cash, or you can have the sellers pay them all or a portion of them.

    That is where an experienced agent will be better for you to use when it comes to buying a Santa Clarita home.

    They will know the best way to get these fee’s covered for you!

    Experienced real estate agents know how to negotiate Santa Clarita homes and real estate purchases. They also are all about their clients as we are.

    One of the things you should always get as part of the “What are am I paying as part of my closing costs for a home” is what the lender is charging you. Your lender has a wide “swath” as for charges and how much they can get you to pay for them obtaining a loan for you.

    The Top Santa Clarita Lenders, that we use when our clients want to use to buy homes and real estate, always produce something, a document, known as a good faith estimate.

    This shows what it’s going to cost for them to generate a loan when a Santa Clarita real estate buyer wants to finance a home, condo or town-home.

    Make sure you are getting the best advice when it comes to buying real estate. We will be here for you when you are ready. I’m Connor MacIvor with REMAX’s Paris911 Team.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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