003 Part 2: Understanding Closing Costs

17/06/2024 51 min Temporada 1 Episodio 3
003 Part 2: Understanding Closing Costs

Listen "003 Part 2: Understanding Closing Costs"

Episode Synopsis

In this conversation, Crystal Jacques and Darlene Kemp discuss the importance of understanding closing costs in a real estate transaction. They explain that closing costs are the fees and expenses associated with finalizing a home purchase, such as appraisal fees, credit report fees, and title insurance. They emphasize the need for buyers to be aware of their closing costs and to budget for them separately from their down payment. Chapters:00:00 Intro03:07 The Importance of Earnest Money Deposits05:32 Loan Types: Navigating the Maze07:52 Demystifying Closing Costs26:25 Understanding Closing Costs29:03 The Inability to Finance Closing Costs31:44 The Importance of Emotion and Time Frame in Negotiations