You’ve saved up for a down payment, but what about closing costs? For first-time buyers in Bastrop, this is one of the most common (and confusing) questions.
Here’s what you need to know—plus how to reduce them.
1. What Are Closing Costs?
They’re the fees and services required to complete your real estate transaction. These typically include:
- Loan origination fees
- Title insurance
- Appraisal and inspection fees
- Prepaid taxes and insurance
- Escrow and attorney fees (if applicable)
2. How Much Should You Expect?
In Bastrop, closing costs usually range from 2% to 5% of the purchase price.
Example: On a $325,000 home, that’s $6,500–$16,250.
3. Can You Reduce Closing Costs?
Yes! Here’s how:
- Ask for seller concessions (especially in a buyer-friendly market)
- Use down payment assistance programs that also cover closing costs
- Shop lenders and compare fees
- Avoid unnecessary extras (like inflated underwriting fees)
Final Thoughts
Closing costs don’t have to be a surprise—or a barrier. With a smart strategy, you can plan for them or even avoid paying out of pocket.
💼 Need help running your full “cost to close” breakdown? Let’s crunch the numbers.
