How Much Are Closing Costs in Texas & Who Pays Them?

By PropertyClub Team
Jul 6th 2021
The longhorn state. Where the people are friendly, and the steak is phenomenal. Texas is a wonderful place to live, but there is much to consider when buying or selling a home. Is the yard too small? Is the foundation solid? Should I make sure there aren’t any termites, fleas, or rats hiding in the shadows? After all that, once you decide to buy or sell a home, you also have to worry about the financial side of things, including closing costs.

If you are about to buy or sell a home, you may ask yourself about the closing costs in Texas. Everything is bigger in Texas, but closing costs don’t have to be. Luckily, there are many great resources for finding out about closing costs as a buyer or seller.

hash-markTexas Closing Costs For Buyers

Buying a home can be expensive and may seem complicated. But finding the right home shouldn’t have to be so stressful. Closing costs in Texas for buyers can depend on several different factors like the location of the home, the bank’s or lender’s fees, and other fees or taxes determined by local regulations. But millions of people buy new homes every year, and you can too!

hash-markTexas Closing Costs For Sellers

Let’s face it, selling a home can be challenging. When the market is right, you may be able to sell your home for a nice profit. Sellers also have to pay closing costs in Texas. Again, closing costs are determined by local state regulatory bodies and may include things like appraisal fees, attorney fees, pest inspection, or lead-based paint inspections. If you do your due diligence, take care of all inspections and pay the necessary fees according to local and state regulations, you can sell your home and move on to the next chapter of your life.

hash-markCan I avoid Closing Costs as a Buyer?

There are some closing costs in Texas that you can avoid as a buyer. For example, if you take out a no-closing costs mortgage, when you close on a home you don’t have to pay any of the associated closing costs up-front. But beware. Such mortgages can actually cost you more than a typical mortgage. Consider the pros and cons of paying closing costs in Texas for the home you plan to buy.

hash-markCan I avoid Closing Costs as a Seller?

Some closing costs in Texas may be negotiable as a seller. There are some instances where you can avoid attorney fees because Texas does not require a lawyer to be present at closing, but you may still have to pay a settlement fee to a title or escrow company. A good idea is to talk with a specialist about the closing costs in Texas who can help you understand which fees you can reduce or negotiate and which fees are mandatory based on local and state regulations.

hash-markFinal thoughts

Once you have finally decided to buy or sell a home, make sure you’ve done your research. As a buyer, closing costs may seem expensive, but you shouldn’t lose hope. Closing costs in Texas are negotiable, and you can avoid the headache of future problems by ensuring that the home is in good shape and not infested! As a seller, you’ve spent a lot of time, effort, and money on your home, so you want to make sure you get a return on your investment. Know your local and state regulations, speak with a specialist who can help you, and in the end, with any luck and thanks to your hard work, you’ll be able to turn a profit.