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Updated about 5 years ago on . Most recent reply

User Stats

26
Posts
18
Votes
Carmen Pellegrino
  • Investor
  • Cleveland, OH
18
Votes |
26
Posts

Typical closing line items and costs

Carmen Pellegrino
  • Investor
  • Cleveland, OH
Posted

I probably missed this in previous posts but wondering what are typical line items/costs for closing. Looking for the "Items you can shop" section guidance. I understand the origination fees, taxes and insurance. Its the title company fees and insurance and what are "good" prices. 

Are all of those needed? It feels like mattress shopping, hard to compare.

Most Popular Reply

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6,053
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5,096
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,096
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6,053
Posts
John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Carmen Pellegrino although closing costs can be pretty annoying, there really are not many of the fees that you can shop. I would focus instead on making sure your team is excellent (realtor, attorney, lender, inspector, contractor, property manager, etc). I have learned over my time investing that cheap is not always better, and I would rather my team make great money so they can provide me with great service. For your title company, go with a reputable one and call it a day. They will take good care of you and you won't have to clean up after them later. 

  • John Warren
  • Loading replies...