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  • February 2011
    M T W T F S S
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  • Mary K. Lenahan, J.D., Realtor

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How Buyers Can Save Money When Purchasing a Home

Altadena, Ca Home Janes Village Area

Altadena, Ca Home Janes Village Area

Home Buyers can save thousands of dollars when they purchase a home by negotiating some of the closing costs.

Closing costs run 3% to 6% of the purchase price.  If we take a purchase price of $490,000.00, your closing costs could run you between $14,700 and $29,400.00.  Quite a big difference.

You will receive a Good Faith Estimate on closing costs shortly after applying for the loan.  The Truth in Lending Act now requires lenders to provide consumers with good faith estimate within 3 days of receipt of the loan application.

When you receive the Good Faith Estimate review the charges line by line with your lender and inquire what the service is for and whether the item is negotiable.

Some of these costs are negotiable and some services you can purchase for a lower price from a vendor different from the one selected by the lender.

Ask you Realtor.  If you don’t have a Realtor, ask the Lenahan Realty Group about negotiating your closing costs as well as the many other cost-saving opportunities we offer such as our Buyer Programs and Free Home Warranty Program!


Mary K. Lenahan, JD, Realtor
(626) 798.9050
Cell/Text: 626.226.6056
Your Business & Referrals Are Appreciated!
DRE 01867737


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