• 003 Part 2: Understanding Closing Costs

  • Jun 17 2024
  • Length: 52 mins
  • Podcast

003 Part 2: Understanding Closing Costs

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  • Summary

  • In this conversation, Crystal Jacques and Darlene Kemp discuss the importance of understanding closing costs in a real estate transaction. They explain that closing costs are the fees and expenses associated with finalizing a home purchase, such as appraisal fees, credit report fees, and title insurance. They emphasize the need for buyers to be aware of their closing costs and to budget for them separately from their down payment.


    Chapters:

    00:00 Intro
    03:07 The Importance of Earnest Money Deposits
    05:32 Loan Types: Navigating the Maze
    07:52 Demystifying Closing Costs
    26:25 Understanding Closing Costs
    29:03 The Inability to Finance Closing Costs
    31:44 The Importance of Emotion and Time Frame in Negotiations
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Economics
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