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Real Estate Tips
Closing or Settlement >Closing Costs

If you are in the process of buying a home, you have probably figured out how much you will need for the down payment, but don't forget about the closing costs associated with the purchase of any property. These additional costs can add up to a significant amount.

Closing costs will vary, depending upon the costs of financing your home loan and the time of the month that you close. Your real estate agent will be able to give you an estimate of all these costs, including the points on your loan, private mortgage insurance (if required), the title search, title insurance, attorneys' fees, and any transfer taxes or recording fees changed by local government agencies. There may also be property taxes, homeowners' association fees and insurance that must be prepaid.

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Real Estate Trivia
Q 
What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?

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The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
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Taylor Team Real Estate, REALTORŪ, real estate agents and broker for Glen Allen, Midlothian and Richmond Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Taylor Team Real Estate
RE/MAX Commonwealth

200 Westgate Parkway Suite 102
Richmond, VA. 23233
804-360-5200
804-527-6265
800-772-5220
Fax: 804-364-0910
Email: Janice@taylorteamrealestate.com

My mission in real estate is to compete to be the best realtor that I can be, excite my clients with the home buying and selling experience, and have the confidence for my clients to depend on my expertise for their decisions in real estate.

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