#closing-costs

#closing-costs

A national housing emergency may be declared to address affordability, high closing costs, and inconsistent building and zoning codes across the United States.

Buyer concessions are seller-paid financial incentives—such as closing-cost assistance, repair credits, mortgage-rate buy-downs, or HOA fee coverage—that reduce buyers' upfront expenses.

Homebuyers can negotiate various factors like repairs, closing costs, and closing date to save money and make the buying process smoother.

Seller concessions help reduce buyer expenses while keeping home prices intact.

Homebuyers face high mortgage rates but applications rose 12.5% recently despite increasing closing costs.

Closing costs can vary significantly by state, with D.C. having the highest overall.