Re: Preparing to buy
03-12-2009 01:49 PM
I just closed on a home in the City of Alexandria and I can tell you that closing costs in the DC metropolitan area are higher than you would expect. Make sure you account for state & county transfer taxes at closing which set me back over $2500. Also with the prepayment of a minimum 3 months property taxes, you are looking at probably another $1000. Make sure you get a GFE from several lenders before allowing them to pull your credit and start comparing.