Buying real estate in western North Carolina makes perfect sense. Some people may not be as familiar as others with the process, and the event may look a bit daunting. Rest assured many people before you have taken the plunge, and many will follow in your footsteps. Below is a list of expenses you should be prepared for. While purchasing real estate is not inexpensive, it is the best way to give your net worth a boost. The money you spend is an investment, since real estate doesn't go away or get used up, like the consumables we purchase.

Closing costs in western North Carolina are typically +/- 3% of the purchase price. Additionally, pro-rated property owners association dues may be applicable, as well as the reimbursement of a septic permit fee for each parcel.

The following is a typical list of closing expenses that a property buyer pays. Depending on the mortgage company you choose, costs could be greater or lesser. Additional fees from other lenders not listed on this website may apply.

• Pro-rated property owners association dues for remaining year @ $30/month
• Soil absorption ("perc") test & permit from the Rutherford County health department @ $350 per parcel
• Loan origination fee, if any (bank fee - usually 1% of the loan amount)
• Pro-rated interim interest, if any (bank fee - interest collected on loan at closing)
• Credit report, if any (bank fee)
• Appraisal of property being purchased, if any (bank fee)
• Attorney fees (North Carolina uses closing attorneys, instead of title companies)
• Pro-rated property taxes (Rutherford County currently charges $.69 per $100 of assessed value)
• Recording fees from the Rutherford County courthouse
• Overnight courier charges (if you won't be in town for the closing)
• Title insurance

• Reimbursement of well permit from the health department @ $350 ea.
• Insurance on cabins and homes