What are common closing costs when buying a property through EASYstreet Realty?

When purchasing a property through EASYstreet Realty, buyers should be prepared for several common closing costs that are typically associated with real estate transactions. First, buyers can expect to pay for a home inspection fee, which covers the cost of a professional inspection to assess the property's condition. This fee can vary depending on the size and age of the home and the specific services requested. Another common cost is the appraisal fee, which is necessary for lenders to determine the property's value. This is important in ensuring that the loan amount aligns with the property's worth. Buyers may also encounter title search and title insurance costs. The title search is conducted to confirm the property's ownership history and to identify any liens or claims against it, while title insurance protects against potential disputes over ownership in the future. Additionally, buyers should consider loan-related fees, which can include origination fees charged by lenders for processing the mortgage application. Prepaid property taxes and homeowners insurance may also be included in the closing costs, as mortgage lenders often require these to be paid in advance at closing. There may also be recording fees associated with filing the new deed with the county. Overall, closing costs can range from two to five percent of the purchase price, so it is wise for buyers to budget accordingly. For more detailed information specific to individual circumstances, potential buyers may wish to refer to the current web page of EASYstreet Realty.