Summary: Home buyer closing costs in Washington State range from about 1% to 3% of the purchase price, on average. But there are many variables that can affect the total amount you pay at closing.
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Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Closing is the point in time when the title of the property is transferred from the seller to the buyer.
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This point in time called the closing is when the title to the property is conveyed (transferred) to the buyer. Closing costs are incurred by either the buyer or the seller. Attorney (Lawyer) Fees, paid by either or both parties, for the preparation and recording of official documents.
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Buyer’s closing costs paying with CASH Explanation . Closing costs for sellers and buyers have many variables: state, county, lender, title insurance company, contract sales price, broker, and more. Each and everyone has a different cost that has a variable and in that variable another variable.
Explanation of Closing Costs Application Fee: Covers the cost of application and the appraisal (nonrefundable). Attorney Fee: Preparation of the paperwork. by our closing attorney.
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Closing costs are most commonly associated with real estate transactions. These costs can be 3% to 6% of the cost of a house. These costs can be 3% to 6% of the cost of a house.