Buying a home can be pretty pricey, and it’s not just about the price tag of the property itself. There are a bunch of extra fees that can really add up. If you want to save some cash on your closing costs, check out these tips.
Start by comparing lenders. Don’t just look for the best interest rate; also dig into the vendors they use for things like surveys, title searches, and title insurance. Compare their prices and see if you can switch to a cheaper vendor.
Look for different real estate attorneys and get quotes for home insurance. You might also want to negotiate with the seller to see if they’re willing to cover some of the closing costs, especially if the property has been on the market for a while.
If you’re a first-time buyer, look into any available incentives. Closing at the end of the month can also help you save on interest before your first mortgage payment kicks in.
Don’t forget to ask lenders about any perks they might offer, like cash back or fee waivers.
While some closing costs are set in stone, there are plenty of ways to trim them down, so you can move into your new home with a little extra cash in your pocket.
Contact
