Paducah Home Inspections
(270) 705-0624 
  • Home
  • About Me
  • Home Inspections
  • Contact Me
  • Schedule an Inspection
  • Blog

What Are Closing Costs?

4/27/2018

0 Comments

 
Picture
If you are buying a home you, no doubt, cannot wait for the day when the title and keys are handed over to you.  This is known as the closing.  But, you will also be required to pay various fees known as closing costs.  These costs can really add up, in fact they average around two to four percent of what you pay for the home.  What exactly are you paying for with these closing costs?  Here are a few examples:


When buying a home from someone, it’s necessary to make sure the person selling the property legally owns it, and that there are not pre-existing liens, so a title search is carried out.  It’s a good idea to obtain purchase title insurance as this will protect the buyer from any mistakes that may occur from the results of the title search.


An appraisal has to be carried out on the property to see what the value of it is.  This is so that the money being lent is not more than the property is actually worth. 


If the home being purchased is part of a HOA neighborhood, you will need to pay up front for the rest of the years fees.  Property taxes will also need to be paid.


You will also need to have a home inspection performed on the property to ensure it is structurally sound and to make sure there are no hidden problems with the home.


While these are only a few of the closing costs that you will have to pay when buying a home, it’s good to have an idea ahead of time of what is involved when purchasing a home, especially if you are a first-time buyer.



0 Comments

    Author

    Chris Ivy, Certified Professional Home Inspector

    Dresden Home Inspections

    Archives

    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015

    Categories

    All

    RSS Feed

Location

ABout Your Home Inspector

Contact Us

I am a Kentucky native, and graduated from Graves County H.S . I have been a small business owner since 1988 owned several businesses which include owning and operating Ivy Rentals when before becoming a licensed home inspector, owned, maintained and managed 35 properties for myself doing the majority of the work as well. I also had a buy and sell business where I bought, remodeled and sold approximately 25 properties. As an experienced home inspector I work hard for you, my client.
Submit
We provide home inspections in the following areas
Kentucky Home Inspections: Paducah ,  Mayfield , Murray, Cadiz, Benton, Eddyville , Princeton, Calvert City, Hickman, Clinton, La Center , Kevil, Wickliffe , Gilbertsville, Farmington , Lowes, Benton, Almo , Aurora , Hardin, Fancy Farm, KY Lake, Lake Barkley, New Concord ,Fulton, Sedalia, Hickory, Symsonia, Wingo ,Water Valley, Columbus, Arlington, Bardwell, Barlow , Loan Oak, Reidland ,Hendron , Grand Rivers, Smithland ,Hopkinsville, Fort Campbell,Oak Grove. Tennessee Home Inspections
: Martin , Union City, Paris, Dresden, Sharon , Greenfield, Puryear, Hazel, South Fulton, Humbolt, Milan, Clarksville, Reelfoot ,Troy, Dyersburg, McKenzie, Huntington