Closing Costs

What are they and how much should you save to cover them? WHAT ARE CLOSING COSTS? Home buyer closing costs in Washington State range from about 1% to 5% of the purchase price. There are various costs associated with closing a real estate transaction and you should receive a detailed “Loan Estimate” document from your… Continue reading Closing Costs

Categorized as Buyers

What is Earnest Money?

What is earnest money and how much should you spend on it?

And how much should I spend on it? WHAT IS EARNEST MONEY? Let’s begin by talking about what earnest money actually is. According to the 10th edition of Washington Real Estate Practices, it is traditional for the buyer to give the seller earnest money as evidence of the buyer’s good faith intention to buy the… Continue reading What is Earnest Money?