003 Part 2: Understanding Closing Costs

In this conversation, Crystal Jacques and Darlene Kemp discuss the importance of understanding closing costs in a real estate transaction. They explain that closing costs are the fees and expenses associated with finalizing a home purchase, such as appraisal fees, credit report fees, and title insurance. They emphasize the need for buyers to be aware of their closing costs and to budget for them separately from their down payment. 


Chapters:

00:00 Intro
03:07 The Importance of Earnest Money Deposits
05:32 Loan Types: Navigating the Maze
07:52 Demystifying Closing Costs
26:25 Understanding Closing Costs
29:03 The Inability to Finance Closing Costs
31:44 The Importance of Emotion and Time Frame in Negotiations