Over Half of All Buyers Are Surprised by Closing Costs

Here’s the latest post from my Simplifying the Market blog.

One of the things I do when meeting with a new seller client to go over the process of selling their home, is to prepare for them an “Estimated Net Sheet”. This document shows a number of charges, fees and payoffs (don’t forget about paying off the mortgage on the home you’re selling!) so that the seller will know about how much they’ll net after all is said and done. It’s not 100% accurate, but it gives a pretty good picture, and the reason I do it is so that my clients aren’t totally blindsided by everything at closing.

See the full article here

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