This is a common question ...

Sat, 10 Jan 2009 02:01:00 GMT

This is a common question I receive from most of my buyers. The first person I would ask is your local Realtor. He or she should have a grasp on the closing costs for your marketplace. Attorney's fee vary depending on the area and so do home inspection costs.
I find that mortgage lenders give a pretty close estimate of the closing costs. Also, if you select an attorney to work with before you go into contract, they will be able to give you a good idea of the title search and title insurance expenses. Many times it is the attorney who orders the title search andÂ insuranceÂ from a title company.Â

If the closing costs are too much out of your budget, you can also speak with your lender about financing a portion of them through a seller's concession at closing. Depending on how long you intend to live in the property, it may be more beneficial to you to finance an extra $4,000 to $5,000 versus paying for it out of pocket.

I hope this helps. Please let me know if you have any additional questions.

All the best in your home search,

Walter J. Burns Realtor-Associate Weichert Realtors 1 Newark St. Hoboken, NJ 07030

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Zillow Advice: Buying Process - Why are all the quoted closing cost so "under" inflated?

This is a common question ...