During our tenure in the real estate field, since 1998, we have seen that real estate cannot be over explained. In fact, there are too many Realtors that expect their real estate buyers and sellers to just “take their word for it.”
That does not work on my watch, so we do our best to explain to our real estate clients everything about the home buying and selling process.
This is an example of one of the letters that I send to our real estate clients when they register on SCVnest.com.
Again, it’s all about education in real estate and this keeps our Home Buying clients safe and in the know!
Enjoy the education and let me know when you are ready for me to represent you and yours when it comes to real estate and homes in the Santa Clarita Valley.
Real Estate Educate Letter – Closing Costs
As part of our on going real estate education process, we freely give to our home buyers, I want to give you the intel on the costs related to buying a home. Search over 10,000 home buyer articles I have written!
There are other “fees” a home buyer has to pay besides the cost of the home, condo or townhome.
These “other fees” are known as closing costs and inspection fees.
Let me let you in on a little secret. You don’t pay me. My services to you as a real estate buyer are FREE!
That’s the reason it always is best for you to work with your Own Realtor and not the Seller’s Realtor!
When you hire me I’m 100% on your side and that’s it!
Back to closing costs*.
- They include your part of Title Insurance, or approximately 1% of the sales price.
- Your part of the escrow fees – approximately 1% of the sales price.
- The fee your lender is charging you to loan you money – approximately 1% of the sales price.
*As a rule of thumb, closing costs for a home buyer can be 3% of the purchase price. However, my experience leads me to 3% being a bit on the high side. Once we have a home identified, we then get our clients a more “exact” number.
There are other “fee’s” within the process of buying a home.
- The home inspection fee – varies in cost – $500.00 is a good estimate.
- The appraisal fee – varies in cost – $500.00 is a good estimate.
- Other inspections, that are not typical, which you choose to have conducted. These can cost hundreds if not thousands of dollars, depending on which you select beyond the home inspection.
The home inspection fee, other inspection fee’s, and the appraisal costs are monies you won’t get back if you cancel the transaction.
The “closing costs” you will, if you cancel the transaction, depending on where in the process you decide to back out of the transaction.
This is why it’s very important to have me on your side during your purchasing of real estate.
I’m Connor with HONOR and I’m glad to be of service.
As you can see, we make our approach to buyer and seller representation a bit different than the typical real estate agent and salesperson. We want our clients to know what they are about to get into. We also want our clients to be safe and free from harm.