Dale Bohannon - REALTOR - eXp Realty

HOME BUYING CLOSING COSTS - PAY BEFORE CLOSING


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CLOSING COSTS: What should you expect to pay as soon as you go under contract? The escrow deposit, or good faith deposit, is due within a few days after you reach an agreement to buy a home. The amount of the escrow deposit is negotiable, but 1.5% - 3% of the purchase price is customary in the Tampa Bay area. I recommend having a home inspection ($350-$500) and a pest inspection ($75-$100). If you are financing the purchase, then your lender will want you to pay for an appraisal ($400-$500). To see estimated amounts, check out the ESTIMATES tab once you find a home, and see the "Pay Before Closing" section.  Here are example costs on a 300K home with 1.5% escrow deposit...

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