Real Estate Jargon Explained

Dated: January 4 2021

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Closing Costs


Closing costs are expenses to transfer ownership outside of the Price of the property. 

There are four categories of closing costs:

  • Lender Costs - such as loan origination fees and underwriting
  • Third-Party Expenses - such as inspections and appraisal
  • Legal Fees - such as attorney and title fees
  • Pre-Paid Expenses - such as homeowner's insurance and property taxes

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Valerie Wilson

I obtained my real estate license after falling in love with the adventure of buying and selling homes. I quickly realized that my heart is in serving my clients and helping them through their own hom....

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