How to Budget for Closing Costs
Buying a home is a process that can be described as funnel-like in some ways. Deciding to get into home ownership and looking at potential homes places buyers at the wide top of the funnel. Closing on a home is the culmination of the process and takes place takes at the thin, bottom spout.
Everything that takes place from the initial foray into real estate until it is completed heads the buyer towards closing. What exactly is involved in closing and what costs should be expected? How and how much should you budget for closing?
What is Closing?
There are many processes and individual parties and vendors involved in the sale of the home. This is, in part, what can make the process a bit complicated and sometimes…