You know, we’ve all had our clients ask us questions about closing costs. Some of them look like they really want to know what it is and what it means. We tell them that they can call us at any time with any questions they have, and we provide a detailed breakdown of the closing costs so they can make the right decision.
In the end the closing costs are a complicated mess of the costs of the real estate being sold, taxes, and insurance. The closing costs are what makes most people nervous when they start the ball rolling on a real estate transaction.
As a general rule, closing costs are the total costs of the sale of a home. It’s not just the cost of the home itself. The closing costs are the cost of all the other expenses of selling your home, such as the cost of a title and insurance, the cost of a title search, the cost of a title closing, and so on.
What is the biggest “down side” of property taxes? The big down side of property taxes is that the most important thing is the home’s value. All that means is that the home is worth more than the value of the property itself. So the fact that the home is worth more than the value of the house makes it the biggest down side of property taxes.
The bigger problem is that the value of the property is what matters, and home values are generally based off of the current market value of the property. If all the homes on a particular street were to go up, the value of the property would stay the same, and the property taxes would go up as well. So since the value of property taxes is what matters, it will make a big difference if you need to sell your home in order to pay for your taxes.
The biggest thing is that you can’t really be a landlord because you can’t have a tenant. It’s hard to figure out why the landlord is the one who pays the property taxes, and you can’t even be a landlord because you can’t actually get a tenant because your rent is too low.
