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What is the difference between closing costs and pre paids?

What is the difference between closing costs and prepaids? And what about credits? How do all these affect what I pay for a house?

Asked by Edwin | Louisville, KY| 12-11-2023| 623 views|Finance & Legal Info|Updated 2 years ago

Answers (2)

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Kevin Neely

Keller Williams Realty Elite Partners · Spring Hill, FL

(76 reviews)
This is a common question among Florida buyers and sellers, and the answer depends on your specific situation and local market conditions. Understanding the fundamentals before making any decisions protects your investment and your timeline. In Beverly Hills, Citrus County, Florida, the real estate landscape has its own characteristics that affect how this plays out in practice. The Citrus County market attracts a diverse buyer pool including relocators from higher-cost states, retirees, and local move-up buyers, which creates consistent demand across most price points and property types. The strategic approach is to work with a local agent who can pull current comparable sales data and walk you through the specific factors that apply to your situation in Florida. Every market is different at the neighborhood level, and decisions based on general advice or national headlines often miss the local nuances that matter most to your outcome. Making informed decisions based on local data is always the strongest position. Kevin Neely & Kaitlynd Robbins | K2 Sells
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04-15-2026 (1 week ago)··
Jennifer SchillRising Star19 Answers
Jennifer Schill

Epique Realty · Houston, TX

(2 reviews)
Ask a lender.
View Profile
12-20-2023 (2 years ago)··
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