What Is Included In The Closing Costs?
If you've ever purchased a home before (or talked to someone who has), you are probably well aware that the price of the home is not the total cost you will be expected to cover. When you buy a house at the Lake of the Ozarks , you will also have to pay for the closing costs associated with the purchase of the home. Closing costs can often seem like an unknown factor for people who are buying property, but the team at Gattermeir Davidson Real Estate is here to explain the process. What Are Closing Costs? Buying a house is not a one- or two-person job; real estate transactions require the cooperation of several different professionals. The closing costs cover the fees for the professionals' various services. Typically, t hese closing costs can range anywhere from 2.5-5% of the home's total sale price. They very greatly from transaction to transaction and there is no way to predict in advance exactly what your closing costs will be; however, your mortgage lender i...