What You should know about closing costs
In this episode, Dave discusses:
What buyers and sellers have to pay at closing.
Why a title company is important to closing (and who gets to pick the company).
The reason closings often happen near the end of the month.
The various charges that may or may not appear at closing.
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Key Takeaways:
Closings almost always happen at a title company, or at least in the presence of a title representative.
Closing will take, at minimum, 20 minutes but usually take 1-2 hours, sometimes longer.
Most people let the mortgage company pay the property taxes and insurance rather than keep track of it themselves. That money goes into escrow, to which money is added at closing.
Realtor commissions are not paid until closing.
your host, dave nimick:
Thought Leader & Chicago REALTOR® with Keller Williams Realty
Contact Dave here for your real estate needs or for podcast guests & features
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