According to Bankrate, the average closing costs on a $200,000 home is about $4,070. That equals almost a 9% increase compared to last year when the magic number was $3,741. The states with the highest closing costs are New York, Texas and yes, Utah. So if you’re moving to Salt Lake City and its surrounding areas, the Salt Lake City local movers suggest you watch out for great home prices and try to negotiate around the closing costs of purchasing a home. You can ask the seller to help pay for the closing costs or ask the bank or title company on how they can help.
The states with the lowest closing costs included Arkansas, North Carolina and Indiana. There, the average price tag on closing costs was $3,400.
Most of the fees in closing costs are charged by lenders, such as $1,614 in origination fees in 2011. That’s 10.3% more than last year. Origination fees include underwriting and processing. Then there’s the title, appraisal, postage and survey charges, all by third party vendors.
If you find a great home to purchase, with low closing costs, remember to call up All My Sons of Salt Lake City for professional moving services at an affordable price.