The five things a Home Buyer needs to pay

    REMAX of Santa Clarita home costs
    Home Buyers – our services are FREE to you!

    Did you ever see the “Incredibles?” A line in that movie I just love is, “Luck favors the prepared..”

    In real estate, you may want to make sure you are generating all of the “luck” you can by learning about the home buying process and not being led around by the nose by your Real Estate agent.

    Of course, you are not a real estate agent, that is why you are employing one.

    The BEST Santa Clarita real estate agents prepare their clients by meeting with them before showing them the first home.

    You may have been watching HGTV and seeing all of the “drama” created when buying real estate and homes.

    They are entertaining, but most are not realistic. Most are “scripted” to play on people’s emotions – so hence why they are watched and at the top of “TV” charts.

    We send our intel about real estate updates to our real estate clients explaining about different parts of the real estate home buying process.

    One such letter has to do with what home buyers should be concerned with paying when buying real estate.

    Home Buyer Negotiation of Closing Costs

    Most of the home buyers know they have to pay for the home. For example, if the home is priced at $500,000 – they have to pay for that, they get it.

    There are other associated costs when buying real estate. The next items are known as closing costs.

    In some cases, the closings costs for a real estate buyer can be paid by the home seller.

    In some cases, 1/2 of the closing costs can be paid by the home seller and the other 1/2 paid by the homebuyer.

    Of course, it can be “negotiated” in varying ways, up or down.

    There is also a possibility that the home seller won’t pay it and won’t allow the buyer to finance it.

    If closing costs are $15,000 for a home that costs $500,000 – which would equate to 3% of the purchase price, they need to get paid.

    As I explain to our real estate buyers, they can get paid by either party. They can also get financed as being part of the loan.

    The “financing” thing can be the sticking point.

    In my scenario, if the home price if $500,000 and the closing costs amount is $15,000 – then the home price would be $515,000 if the closing costs were to be “financed” at 100% and if the seller wasn’t going to contribute and if the buyer wasn’t going to pay them out of pocket.

    Clear as mud right?

    The next thing to realize, now that you know all about “financing” and the amounts of closing costs and the negotiability of them, is what they are.

    Closing costs for a real estate buyer – 1-3

    • The buyers part of the escrow fees (seller’s have their own)
    • The buyers part of title insurance (seller’s have their own)
    • The buyer’s lender fee (seller does not have this, seller pays your Realtor to Represent you! – thereby making us free for you to use…)

    I stated 3% is a good rule of thumb when it comes to estimating closing costs for a real estate buyer. My experience has been that 3% is a bit “high” for a buyer’s closing costs. We will get a more accurate number when we have a property identified and after you have a full loan approval.

    The 2 other Buyer Costs which are non-refundable

    Within Escrow, the homebuyer is going to be having a home inspection conducted on the home, condo or townhome they are buying. Fee Estimate $400+

    Also, there will be an appraisal that has to be paid for by the homebuyer. Fee Estimate $400+

    These are paid by cash, check or credit card depending on how these service providers like to get paid. They are not paid in escrow and are not a direct part of “closing costs” – but they have to get paid and if you cancel the transaction after they are conducted, even at a fault not of your own, you do not get refunded.

    I’m Connor with REMAX and Please conduct real estate searches on the actual Multiple Listing Service connected website for Santa Clarita.

    I promise you will enjoy the best real estate intel and not get mislead by listings which are fakes and placed to get you to click and to get you to give up your personal and private information.



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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. is where you will find over 10,000 real estate articles. Go to to listen to their latest real estate radio broadcast.

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