Closing costs are one of the last aspects of the home buying process. While they can be expensive, there are steps that you can take in order to keep the price of your closing costs low. Keep these tips in mind to save money when you are closing on your new home.
- Know the market. Sellers are more likely to negotiate the closing costs when it is a buyer’s market since they may have a harder time selling their home.
- Know what is negotiable. Not all closing cost fees are negotiable. Most of the negotiable fees are in the 800s section of the good-faith estimate from your lender, and can include application fee, title insurance, and mail and courier fees.
- Ask. If you have any questions, make sure to ask your lender or real estate agent. They will let you know if there are any other areas that can save you money.
To make sure that you are getting the right price throughout the Northern San Diego area, contact The Alan Shafran Group.