This is a great question! As mentioned below, your lender is the best person to come up with a good estimate when you find a home, and that amount can be negotiable. But a general rule is that closing costs can be anywhere from 3-4% of the purchase price. This home in particular is under contract but if you need any assistance in finding a home in the Falls Church area, please feel free to contact me.
Keller Williams Realty
First I need to report that this home is currently under contract.
Getting back to the subject of closing costs, your lender will be better able to tell you what closing costs you should expect. The type of mortgage you select, the percent of downpayment, your credit score, how many points if any you select, etc, all play factors in what your closing costs will be.
A typical good rule of thumb though is 2.5-3% of the purchase price.
The best thing to do is sit down and talk about your options. It is much more complicated than a quick reply on a website can handle.
I would love to set up a time to meet.
Generally there is about 3-4% closing cost on a residential property based on the sales price. Your loan officer can give you a break down of costs (GFE). In my four years of career, not a single buyer of mine has paid the closing cost entirely out of their pocket. I work hard to protect my clients best interest. If you are not being represented, let me know & I'll be glad to be of service!!
Faiza Alvi - Realtor®
Prince William Realty, Inc.
MILLION DOLLAR CLUB - PWAR 2011
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.