When buying Santa Clarita real estate it is important to remember closing costs. Closing costs can add up to 2% or 3% of the home’s cost, often quite a bit of money to come up with at the closing table. Can closing costs be reduced? Yes. One easy way to reduce the closing costs, if the seller is willing, is for both parties to share closing costs or the seller take all of the closing costs, whatever can be negotiated in the contract.
Another way to cut back on closing costs for your new Santa Clarita property is to apply for a no point loan. Points cost money, money that needs to be brought to the closing table, and while a higher interest loan may cost more monthly, if a buyer doesn’t have a lot of extra cash a no point loan can be a good way of reducing up front costs.
In the same vein, shop around for a no fee loan. A no fee loan also may carry a higher interest rate but the initial savings may be worth it.
Contact us today to learn more about closing costs and ways to negotiate loans and contractual issues. As experienced Santa Clarita Realtors we have seen it all at the closing table and can help you be prepared for your real estate transaction.
Contact us at Remax Santa Clarita today to learn more about Santa Clarita real estate, as well as to have free access to the Santa Clarita MLS and all Santa Clarita properties that are currently listed for sale.