Sell your Savannah Home - McIntosh Realty

 Are you aware of the components of closing fees and who is liable for their payment? I'd like to respond to these queries today and provide you with solutions.

The first thing you should be aware of is that closing fees can be discussed openly between the buyer and the seller. There is a very good probability that you have been requested to contribute to the buyer's closing fees if you have ever been a seller in a real estate transaction. If you have ever been a buyer, there is a significant probability that you have wired money to the attorney to contribute to a closing transaction. Occasionally, but not often, buyers are fortunate enough to receive a cash refund at the closing table.

Your closing costs may also include any upfront payments owed to an escrow account, attorney fees, title fees, and loan origination fees, if applicable. Closing costs are comprised of numerous items.

"Loan origination fees, attorney fees, title fees, and advance payments owing to an escrow account, if there is one, are some of the items that make up what closing costs entail."

If you're a seller, sharing the expense of these fees will aid your buyer in completing the transaction. The buyer may not have much money left over for closing fees if they have saved up enough money for the down payment to qualify for the loan and financing.

If you're a seller, sharing the expense of these fees will aid your buyer in completing the transaction. The buyer may not have much money left over for closing fees if they have saved up enough money for the down payment to qualify for the loan and financing.

If you hire a Realtor, it's also crucial to be mindful of real estate commissions. Most likely, a house warranty will also need to be purchased by the seller on behalf of the buyer. These house warranties come in a variety of price points. Another typical practice is to ask the seller to buy a one-year termite bond following the sale.

If you have any additional questions about closing costs or are interested in buying or sell your Savannah home at any time in the near future, please feel free to reach out to us at 912-436-6551!


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