BUYERS
OK . . . . . . You’re excited! You’re going to buy a home. You’re a first time homeowner, or maybe you’re replacing one you sold. You may have met with a Lender and have a pretty good idea of how much you can afford. It’s doubtful you have been told how much it’s going to cost you in “Title and Escrow” fees on top of the price of the home. These are called “Closing Costs” and can be several thousand dollars. (See below)
Fitzgerald & Associates assists our Buyers with their Closing Costs up to $2,000 depending on the price of the home. To receive this assistance we must be the Company that previews the selected home with you and completes the Purchase Agreement. In other words “Fitzgerald & Associates must be your Sales Agent”.
You are welcome to use our “Property Search” to locate properties that may interest you. It is connected directly to the local Multiple Listing Service and is current and up to date.
Our experience and background is noted on our “Home” page.
Below is an example of the average closing costs you would expect to be charged in Escrow.
CLOSING COSTS AND TITLE INSURANCE
Closing costs and Title Insurance can vary depending on the Title Company used, the Purchase Price and Mortgage Amount.
FIXED CLOSING COSTS FOR PURCHASER
Appraisal
Credit Report
Courier Fee
Notary (Generally for two borrowers)
Homeowner’s Insurance (Depends on property value)
Document Preparation
Lender’s Loan Origination Fee (Varies with Lenders)
VARIABLE CLOSING COSTS FOR PURCHASER
Owner’s Title Insurance (Depends on Purchase Price)
Lender’s Title Insurance (Depends on Mortgage amount)
Escrow Fee (Depends on Title Company)
Taxes will vary depending on the time of year.
Impounds will vary depending on the Purchase Price, Insurance and Taxes.
If you have less than 20% down payment, you may also have Mortgage Insurance to pay.
Your Mortgage Lender Should Provide You with a TIL (Truth in Lending) Statement Disclosing the Above Costs