There are many costs to consider when purchasing a home in the Park City area— your down payment, mortgage, maintenance costs, and property taxes to name a few. But there is one more that you will need to cover before you can officially take the keys to your new home in Utah. The closing costs!
Closing costs in Utah real estate include fees like the mortgage application, loan origination, appraisal, home inspection and credit report. To find out what your closing costs might be for a property in the Park City area, it’s best to contact your real estate agent— here at High Country Properties, we’re glad to help!
And as you might be saving now to purchase that home in Kamas, Midway, Heber City, Oakley or Park City, you won’t want to take on any other large expenses. Below are a few tips to help keep closing costs low in your Park City real estate purchase.
Shop Around Consult High Country Properties to get recommendations for services like home inspections, attorneys and title companies. It’s always best to shop around to find the best rate to keep large costs at bay.
Factor in Location Rates can vary by location, so be sure to keep this in mind when choosing which Park City area locale to live in. Buying a home in a high-tax area can make a big difference in the amount you’ll pay in closing costs.
Negotiate When you work with an experienced real estate agent, we negotiate on your behalf! Depending on the seller’s time frame and motivation, you may be able to negotiate that they cover some or all of the closing costs. It varies by location and again, by property— High Country Properties can advise on the success of negotiating these fees.
Contact me today with any questions you might have about the local real estate market or on the homebuying process in the Park City area!