What Does a Buyer Have to Pay Out of Pocket at Closing?

Hey there, future homeowners of Holly Springs, NC! 🎉 Ready to unlock the door to your dream home? Before you get those keys, let’s talk about what you’ll need to pay out of pocket at closing. Here’s the scoop:

1. Down Payment

• Think of this as your big “I’m serious about this house” statement. It’s usually a percentage of the home’s price.

2. Closing Costs

• These are like the fine print fees for loan processing, appraisal, and title insurance. They usually range from 2% to 5% of the home’s price. Not too scary, right?

3. Prepaid Expenses

• This is where you prepay property taxes, homeowner’s insurance, and mortgage interest. Think of it as a head start on adulting.

4. Homeowners Association (HOA) Fees

• If your new crib is in an HOA community, you’ll need to shell out some prorated fees at closing. Yay for community amenities!

5. Home Inspection Fees

• Some buyers opt to pay this at closing, even though it's usually paid before. It's like a little house check-up.

6. Moving Expenses

• While not technically part of closing, don’t forget to budget for your moving day pizza and truck rental. 🍕🚚

Buying a home is a rollercoaster of excitement, and we’re here to make sure you enjoy the ride. At [Your Real Estate Business Name], we’ve got your back from start to finish. Ready to dive in? Contact us today and let’s make your home-buying dreams come true!