Closing Costs

How much are closing costs in Seattle in 2024, and how much can I expect to pay on buying a house? These are common questions among home buyers and mortgage shoppers. '

Home prices in Seattle, Washington have risen steadily over the last couple of years. As a result, closing costs for Seattle home buyers have also increased. '

Here’s a look at what current closing costs might be for a median-priced home in the area, updated for 2024.'

Besides the down payment that you’ll have to put forth when you take out a mortgage to buy a home, there are also closing costs that buyers will have to pay.'

It’s amazing that in a year with extremely low mortgage rates being reported around the country, closing costs are up by as much as 6% from the previous year. Part of the reason for this is that the stricter regulations on loans have increased the costs to banks, and they always find a way to pass on new costs to the consumer.'

Mortgages are expensive, and closing costs only add to the financial burden that homebuyers face. But with a little knowledge, you can pinpoint places to save on your mortgage closing costs and keep more money in your pocket. When you’re negotiating your next mortgage, use these tips to reduce required closing costs and keep more of your hard-earned money.'