Guide to Typical Closing Costs in Connecticut
May 31st, 2007 categories: Home Buyers
If you haven’t had a chance to read First-time Homebuyer Magazine, it’s definitely worth your time. While the magazine focuses on people who haven’t owned real estate yet, it has great information for anyone who owns real estate, is planning on selling real estate and/or planning to buy real estate.
One tool they have on-line is a guide to typical closing costs in Connecticut. The guide gives the prospective homebuyer some idea of what is included in your closing costs and about how much they can be. The overall amount when you total the individual costs is lower than real life because this list excludes pre-paid items like homeowner’s insurance and real estate taxes. As the disclaimer notes, total closing costs are usually around 3% of the mortgage amount.
Your lender should review the closing costs with you when you are going through the pre-approval process and can give you a better idea.
There is a question burning up the CT buyer’s blogs, so I feel compelled to ask: What is the deal with the recent weird MLS photos? There is a lot of speculation, frankly, none of it very complimentary… why are so many agents suddenly putting out these odd photos?
I’m not too sure who started the recent rash of bad MLS photos but it seems to be snowballing. Agents from across the country are posting the bad photos and everyone is getting a good laugh. I don’t think the bloggers are making fun of the sellers but rather the real estate agents who should know better than to post photos that don’t actually help sell the house. Unfortunately, there are a lot of bad photos to choose from.
You are absolutely correct in your assessment!
No one is making fun of the sellers, in fact… it’s just the opposite…there is concern for them. For heaven’s sake, how do brokers feel they are serving their clients by posting photos of everything but the actual house? Do they understand the message they are sending? In the early 1990’s, I guess it was acceptable but in 2007 people expect more transparency. I imagine you’ve already heard this ad nauseum but saying it makes me feel better. Thanks.