Closing costs

As a buyer of real estate, we all want to know all the components of what we are buying or really paying for.  In all real estate transactions, there is a closing cost.  The closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate property. For buyers, they are usually about 2-4% of the total sales price of a property. The is no small amount.  Some of the fees that the closing costs contains are: application fees, appraisal fee, county taxes, credit report, discount points, documentation fee, escrow fees, homeowners’ association fees, loan fees, mortgage insurance, origination fees, tax registration and title insurance premium.