What are the typical closing costs for buyers in Visalia?

Buyers in Visalia should budget for closing costs, which typically range from 2% to 5% of the purchase price. These costs include:

• Loan-Related Costs: Origination fees, underwriting fees, and credit report charges.
• Title Services: Title insurance and title search fees ensure the property has a clean title.
• Escrow Fees: Paid to the escrow company for managing the transaction.
• Appraisal and Inspection Fees: Fees for determining the home’s market value and its condition.
• Taxes and Prepaid Items: Buyers may need to prepay property taxes, homeowners insurance, and interest.
• Recording Fees: Charged by local governments for documenting the sale.

For a home priced at $400,000, buyers might expect to pay $8,000 to $20,000 in closing costs. Negotiating with the seller to cover some costs may be possible in certain transactions.