{"id":98065,"date":"2025-02-19T20:29:37","date_gmt":"2025-02-19T20:29:37","guid":{"rendered":"https:\/\/peraltafinancing.com\/alabama\/dont-let-home-closing-expenses-catch-you-off-guard\/"},"modified":"2025-02-19T20:29:37","modified_gmt":"2025-02-19T20:29:37","slug":"dont-let-home-closing-expenses-catch-you-off-guard","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=98065","title":{"rendered":"Don\u2019t Let Home Closing Expenses Catch You Off Guard"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\">When you make an offer on a home and it gets accepted, you have every reason to be excited. Becoming a homeowner is making an investment in your own future; likely the largest financial investment you will make. However, it is prudent to be aware that there are <strong>other costs<\/strong> involved in purchasing a home other than your down payment and monthly mortgage payments.<\/span><\/span><\/p>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\"><strong><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.homesforsaleinmontgomeryalabama.com\/agent_files\/sandra%20blog%202_19%201.jpg\" style=\"width: 400px; height: 336px;\" \/><br \/>&#13;<br \/>\nClosing costs<\/strong> are an expense you may not be aware of if you are a first-time homebuyer. These costs must be paid prior to closing on the home. They include property taxes, homeowner\u2019s insurance, title search fees, and appraisal fees. In addition, the closing costs provide the funds that pay the people who have performed services throughout the loan process, like the appraiser and your real estate agent.<\/span><\/span><\/p>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Your closing costs will be itemized for you and provided at your closing. But it is important that you look over them closely and take the time to ask any questions you may have before you sign any documents. If there is something you do not understand, your mortgage banker or <a href=\"https:\/\/www.homesforsaleinmontgomeryalabama.com\/About\">Realtor<\/a> can explain it to you.<\/span><\/span><\/p>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.homesforsaleinmontgomeryalabama.com\/agent_files\/sandra%20blog%202_19%202.jpg\" style=\"width: 400px; height: 336px;\" \/><br \/>&#13;<br \/>\nThe homebuyer can negotiate with the seller to determine who will cover the closing costs, but every loan has different guidelines about how much a seller can pay. Your mortgage banker can provide you with your options.<\/span><\/span><\/p>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Whether you end up paying for all or just some of your closing costs, it is crucial for you to include the amount you will have to pay into your budget. You can estimate the cost by calculating 2% to 6% of your purchase price. For example, if your loan is $200,000, your closing costs will range anywhere from $4,000 to $12,000. You will also receive a document from your mortgage banker after you apply for your loan that will list the anticipated closing costs. They may change a little during the process, but it will give you a good idea of what to expect.<\/span><\/span><\/p>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.homesforsaleinmontgomeryalabama.com\/agent_files\/sandra%20blog%202_19%203.jpg\" style=\"width: 400px; height: 336px;\" \/><br \/>&#13;<br \/>\nSo, while saving for a down payment is an obvious necessity, you may want to also set aside some cash each month to go toward other expenses associated with buying a new home.<\/span><\/span><\/p>\n<p><span style=\"font-size:12pt;\"><span style=\"font-family:arial,helvetica,sans-serif;\">If you are in the market to buy or sell a home (or both), let me, <a href=\"https:\/\/www.homesforsaleinmontgomeryalabama.com\/About\" target=\"_blank\">Sandra Nickel<\/a>, and my\u00a0Hat Team of Professionals assist you with all your real estate needs! Call us today at\u00a0334-834-1500 and check out <a href=\"https:\/\/www.homesforsaleinmontgomeryalabama.com\/\" target=\"_blank\">https:\/\/www.homesforsaleinmontgomeryalabama.com<\/a> for\u00a0more information.<\/span><\/span><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>When you make an offer on a home and it gets accepted, you have every reason to be excited. Becoming a homeowner is making an investment in your own future; likely the largest financial investment you will make. However, it is prudent to be aware that there are other costs involved in purchasing a home [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":98066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11763],"tags":[2468,11737,4629,11084,4833,1159],"dealstore":[],"offerexpiration":[],"class_list":["post-98065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alabama","tag-catch","tag-closing","tag-dont","tag-expenses","tag-guard","tag-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Don\u2019t Let Home Closing Expenses Catch You Off Guard - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=98065\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don\u2019t Let Home Closing Expenses Catch You Off Guard - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"When you make an offer on a home and it gets accepted, you have every reason to be excited. 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