How Homebuyers Can Minimize Closing Costs

Today I want to explain what closing costs are and a few ways you can keep them to a minimum if you’re a homebuyer.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

Today I want to talk to you about closing costs and a few options you have as a homebuyer to keep them as low as possible. Closing costs are fees incurred from obtaining a home loan. They can range anywhere from 2% to 5% of the overall purchase price, depending on what you pay for the home.

You can negotiate with the seller to get them to cover your closing costs.

There is, however, a loan program called Rural Development that allows you to pay 0% in closing costs if you qualify for it. You can also negotiate with the seller as part of their seller’s concessions for them to cover your closing costs as part of your purchase agreement. If you’d like to know more about the financing options that are available to you when it comes to closing costs, please feel free to reach out to us. We’d be happy to assist you.