Closing Costs Explained: How Much You Really Need & How to Lower Them as a First-Time Homebuyer скачать в хорошем качестве

Closing Costs Explained: How Much You Really Need & How to Lower Them as a First-Time Homebuyer

Buying a home? Don’t get blindsided by the hidden fees at the closing table. In this episode of Closing the Deal, hosts Zach Dickson and Sam Enright break down everything you need to know about closing costs — from what they actually are, to how they’re calculated, who pays what, and how to reduce them. Whether you’re a first-time homebuyer or just haven’t bought in a while, this episode will help you feel confident when it’s time to sign those final papers. 🔑 What You’ll Learn: What makes up your total closing costs How much to expect and when they’re due How to negotiate seller concessions or lender credits Which parts are actually negotiable How to plan ahead and save for your down payment + costs Why having a trustworthy lender and agent matters 💡 BONUS: We walk through a real-world example on a $250,000 home, showing exactly how fees, credits, and escrows come together. If you’re preparing to buy, this is the episode that could save you thousands. 00:00 Intro 02:30 What Are Closing Costs? 05:30 Why They Exist 07:30 The Value Behind the Fees 10:00 Breaking Down the Costs 13:30 Title Work & Prepaids 16:30 Buyer Agent Commissions Update 18:00 Example: $250,000 Purchase Breakdown 25:00 Who Pays What 28:00 Negotiating Seller Concessions 30:30 Lender Credits & Assistance Programs 36:00 Saving & Preparing for Closing 38:30 Setting Expectations with Your Lender 43:00 How to Shop Insurance and Negotiate Strategically 46:00 Final Thoughts