Closing Costs

Closing Costs – More Ways to Pay

The rising cost of real estate has something of a ripple effect. It extends beyond just the price paid for the house; it can affect closing costs as well. Many of the items in a closing are based on the purchase price of the home, such as realtor’s commission, the amount paid in points, and the price for title insurance. While negotiating for the lowest price is a key step in reducing overall closing costs, negotiating on the finer details can make a significant difference as well.

Comparison Shopping to Save on Closing Costs

In the case of title insurance, many people don’t realize that the industry is just as competitive as any other, and title companies are eager to fight for your business. It’s common for a realtor or broker to put forth a title company as the only option, but in many cases, there are several companies available to you. By effectively pitting these companies against each other, you’ll get the most competitive prices and save on your closing costs.