Closing costs are costs incurred prior to the close of your home (in addition toyour down payment) and typically amount to about 3% of the purchase priceof your home. They generally include the following items:

Loan generation fee or pointsAppraisal feesProcessing feesCredit report feesEscrow feesTitle insurance feesProrated property taxesHomeowner’s insuranceRecording and transfer charges

Final Walk-Through

The !nal walk-through occurs anywhere between a few days to a few hoursbefore the close of your property. This is not a home inspection. This is youropportunity to make sure the home is in the condition it was when you madeyour o"er, including any repairs which were agreed to.

The lender must provide a Closing Disclosure three days prior to the closingdate.

Click here for a sample closing disclosure.

You’ll also have move-in expenses, which include:

Moving company or moving truck (for DIY)New appliancesSetting up utilities, cable, phone, trash pick upYard maintenance equipment, if single family home

You’ve done it!

If you’ve made it this far, you’ve either learned a lot about the home buyingprocess or you’ve just closed on your own home! Either way, congratulations!!

And don’t forget you can save money through Coastal Housing Partnership!Obtain a letter of authorization on our home page www.coastalhousing.organd ask your real estate agent and lender to !nd out how much you can save.

Escrow!

ResourcesIn Closing: How to seal theHome Buying DealClosing VocabClosing Disclosure ExplainerClosing Disclosure VideoExample Closing Disclosure

7 StepsNavigation

1. Pros & Cons2. Financial Readiness3. Selecting a Lender4. Choosing a Real Estate Agent5. Making an O"er6. Escrow7. Closing

Home Buying Education Homepage

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YOUR PATH TO HOME OWNERSHIP Online Education

ClosingThe closing process begins when you have a fully-executed purchase and sale agreement and yougo into escrow. Closing is the formal process of transferring the property title from the seller toyou, the buyer. The lender will provide a closing disclosure statement.

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