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Guide to Closing Costs

Closing costs is the general term used to describe all the extra fees you incur when buying or selling a home. Appraisal fees, inspection fees, real estate agents' commission, recording fees, taxes to local authorities and other miscellaneous costs all all under this umbrella. Local laws and customs usually determine how closing costs are shared between buyer and seller. In this guide, we have put together all of Bright Hub's latest, best and most popular articles on everything you need to know about closing costs when buying and selling a home. These are written by Bright Hub's group of topic experts. Learn about what is included in closing costs, how to save to buy a home, what questions to ask when seeking a mortgage and much more.

Latest Articles on Closing Costs
Pros and Cons of Reverse Mortgages

Any time you make a financial decision, you must weigh the pros and cons. For reverse mortgages, pros & cons can make a very big difference in your decision. Take the time to learn...

Closing Costs: Does the Buyer Always Have to Pay? Can You Ask the Seller?

When it's time to close on the new home you've always wanted, are sellers usually willing to pay closing costs? Or, do you as the buyer have to pay? Or are closing costs...

Down Payment Assistance Programs

Are you a first time home buyer looking for assistance on putting a down payment on a home? There are many programs available that can help you with a down payment as well as closing...

Closing Costs are Part and Parcel of Purchasing a Home - What is Included?

Learning about all the costs classified as closing costs will help in minimizing those costs by negotiating with the seller and lender. Here, you'll find a list of all the recurring...

Most Popular Articles on Closing Costs
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    Closing Costs: Does the Buyer Always Have to Pay? Can You Ask the Seller?

    When it's time to close on the new home you've always wanted, are sellers usually willing to pay closing costs? Or, do you as the buyer have to pay? Or are closing costs split? Find...

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    Advice for Saving to Buy a House

    How much money do I need to save to buy a house? Learn the amount you should save when purchasing a home. We discuss saving tips and percentages you need to know....

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    Understanding Seller Concessions

    Buyers who have limited resources may be able to take advantage of seller concessions to help them purchase a home. In some cases, these concessions can reduce the amount of money a buyer needs to borrow...

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    Why Title Coverage Matters

    Title insurance may seem like an obtuse concept to some people because it is not always something that they receive a policy for. However, without title insurance coverage, there are numerous challenges...

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    Acquisition of Fixed Assets

    Acquiring fixed assets may be one of your company's goals for the fiscal year, but how does one go about the acquisition of fixed assets? Learn all about fixed asset acquisition in this helpful...

More About Closing Costs
Advice for Saving to Buy a House

How much money do I need to save to buy a house? Learn the amount you should save when purchasing a home. We discuss saving tips and percentages you need to know....

What Are You Allowed to Adjust for Seller Concession in VA Appraisals?

A seller concession is broadly defined by the Veterans Administration as anything that adds value to the real estate transaction. In these cases, it is important to understand when...