What are closing cost?

Closing cost are part of every transaction but why are buyers charged? Closing cost are generally 2-3% of the sales price. It is high if you are purchasing a lower price point, example if you’re purchasing something under $100,000 the percentage is higher. It is lower percentage if you’re buying higher priced home because some of those fees are fixed. But those closing close will be standard you have lender fees; some lenders do not charge or banks. Some lenders will say we are not charging any closing cost because they are wrapping some of those cost have for their processing, underwriting, and document prepper there is a lot of people that go in the mortgage not just the loan officer. Stay tune to hear more about closing cost! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Tuesday at 9am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/