Understanding Closing Costs

Understanding what closing costs include is important, but knowing what you’ll need to budget to cover them is critical, too.

Did you know that closing costs typically vary between 2% and 5% of your home's total purchase price? Imagine finding your dream home at the median price of $366,900 – according to Freddie Mac estimates, your closing fees could range from approximately $7,500 to $18,500. 

But wait, there's more! Whether your desired home is above or below this price range, your closing costs will adjust accordingly, so it's essential to be in the know. 

Ready to navigate the world of real estate with confidence? 

If you have questions about buying or selling, or if you simply want expert advice, don't hesitate to reach out to me at 661-236-8899 or visit my website at rimarafeh.com. Let's turn your real estate dreams into reality! 

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