Are Settlement Costs In Vermont High?
Not according to BankRate.com’s annual closing cost comparison survey. In this year’s survey, Vermont ranked 28 in comparison to the other states. Good faith estimates were obtained from 10 lenders in all 50 states. Total cost comparions were based on lender, title and settlement fees.
New York ranked #1 for the second year in a row with costs totalling $3,887. Missouri was last with $2,713 in costs. Vermont’s settlement costs totaled $2,950. Vermont’s 28th place ranking is up from 38 in 2005.
Getting the lowest settlement costs possible is a matter of shopping around. Contact me if you are in the market for a home. I am happy to counsel you as to the questions to ask a lender to get the best possible deal.
Thinking of buying or selling a home in Vermont? Visit my website to view all real estate listings, get the current market value of your home, free reports and more.
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