Closing Checklist

Provides (he right information, documents, and mindset to jet you ready for closing Shows you the right questions to ask before embarking on home ownership Discusses attorneys, bankers, titles, inspections, insurance, and the walk-through Robert Irwin One of the nation's foremost real-estate experts Other McGraw-Hill Books by Robert Irwin Tips and Traps When Buying a Co-Op, Condo, or Townhouse Tips and Traps for Making Money in Real Estate Tips and Traps When Renovating Your Home How to Find...

Questions To Ask Yourself

Closing costs are transaction costs charges in addition to the amount that you pay for a property. They are charges on top of the purchase price. For example, if you buy a home for 250,000, your purchase price typically will consist of your down payment and your new mortgage. However, added to this will be an additional amount for closing costs. Closing costs typically run 3 to 7 percent of the purchase price for the buyer, 7 to 10 percent for the seller. (Both buyer and seller have their own,...