Are you familiar with ALL the costs involved in closing your transaction?

In addition to the listed price of a property, there are certain incidental closing costs involved in completing the transaction. And although they’re not hidden, they can certainly come as a surprise, especially to a first-time home buyer.

These incidental costs include:

• Deed Transfer Taxes
• Mortgage Insurance
• Appraisal fees, legal fees and disbursements
• Adjustments for property tax, property insurance and mortgage
• Any applicable home warranties

Incidental costs vary from region to region, so it’s always a good idea to investigate all the details – especially for new home construction. Be sure and ask your REALTOR for a complete list of the estimated closing costs before you make an offer, so that the only surprises are good ones.

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