Closing costs are the fees paid to third parties that help facilitate the sale of a home, and they vary widely by location. Closing costs in California typically run between 2.5% to 5% of the purchase price of the home.
Both buyers and sellers typically pitch in on closing costs, but buyers shoulder the lion’s share of the load (3% to 4% of the home’s price) compared with sellers (1% to 3%). And while some closing costs must be paid before the home is officially sold (e.g., the home inspection fee when the service is rendered), most are paid at the end when you close on the home and the keys exchange hands.
For a $400,000.00 home this can be over $8,000.00 the buyer must pay.
At Treat Realty Group we understand how intimidating it can be, especially for fist-time home buyers to manage all of the up-front costs associated with the purchase of a home. This is why we are offering to pay 25% of the recurring and non-recurring closing costs at closing on your new home!
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