You've decided to take the first steps toward homeownership, but you're not sure how to navigate the home buying process. The expert team at Dream Builders Realty is here to help you on your way to homeownership. We have the knowledge and experience to make buying your first home in Central Florida a smooth process. Today, we're helping you understand closing costs and what each of those fees entails.
In the first three segments of our 'A Buyer's Guide to Closing Costs,' we went over the closing costs that are typically associated with your home loan, the inspection of your home and property, and government fees, escrow and other prepaid fees. This week, in our final installment of our 'A Buyer's Guide to Closing Costs' series, we're exploring the cash to close closing costs.
Closing or Settlement Fee
Closing or settlement fees are paid to the attorney, title company, or escrow company that conducts the closing on your new home.
Recording Fee
Recording fees are paid to the state of your new home to record the transfer of property from the previous owner to you.
Transfer Tax
This closing cost is also paid to the state of your new home. Transfer tax fees are dependent on the amount of your mortgage.
That's all for our 'A Buyer's Guide to Closing Costs' series. Thanks for sticking it out with us! The team at Dream Builders Realty is always prepared to help you find your dream home, so please feel free to contact us at any time for further assistance in the home buying process. For more tips on buying your first home and preparing for homeownership, subscribe to our home buyer email series.
