Millennials Don’t Know About Closing Costs

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It seems millennials do not know about or understand closing costs, and the responsibility to tell them about closing costs is falling to Real Estate Agents. Two-thirds of potential home buyers between the ages of 18-34 are unaware of closing costs, and therefore the true cost of buying a home. And, interestingly, one-third of all home buyers, regardless of age, do not understand what closing costs are. 

Closing costs are usually between 2 and 5% of the selling price, quite significant to all buyers, and especially first-time buyers.

For complete information please see the entire article.

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