Many buyers save up exactly 5% or 20% for their down payment, only to be surprised at the closing table. In the Glenwood Springs area, you should generally budget an additional 1.5% of the purchase price for closing costs.
However, there is a silver lining! In many of our recent deals, we’ve been successful in asking the seller to pay for the buyer's closing costs. This effectively allows you to "roll" those costs into your loan. It’s a perfectly legal and common strategy that can keep more cash in your pocket for furniture or renovations.
