The process of purchasing Encinitas real estate can be confusing, especially when it comes to all of the paperwork that is involved. It is important to have a real estate agent in Encinitas guide you through the process of buying Encinitas real estate so that you can be informed about aspects of the paperwork, including transaction fees.
Transaction fees are common in real estate purchases and they cover many different types of service from title insurance and escrow to points on the mortgage loan. However, in some cases some real estate companies may attempt to attach what are called “junk fees” onto a contract, which are unnecessary and (in many cases) unlawful fees aimed at making extra money off of the contract.
So how do you protect yourself and avoid junk fees on your real estate in Encinitas? Look at the HUD-1 or Final Settlement Statement form, a form that is federally mandated to be included in any paperwork. This form itemizes what monies are paid to whom, what that money went toward, and is provided immediately upon closing of escrow.
The most recommended method of avoiding these junk fees is to go over the contract with a trained professional, which is why employing a Realtor when purchasing Encinitas real estate is so important. An Encinitas Realtor can guide you through the paperwork and address any issues or questions that you may have.
I have been trusted for over 20 years with helping clients navigate the confusing world of real estate transactions and would love to help you in the same way. Please contact me if you are looking to buy or sell real estate in Encinitas and watch the video embedded below to hear what actual clients have to say about my ability to help them with paperwork.
By Linda Moore