In this episode of Albuquerque Real Estate Talk, hosts Tego and Tracy Venturi dive deep into the often confusing topic of closing costs. Featuring insights from seasoned real estate professionals and special guest Ael Venturi, they discuss who pays the closing costs, typical buyer and seller expenses, and how these vary by location. The episode also covers current home values in Albuquerque and surrounding counties, trends in the real estate market, and tips for reducing closing costs. Tego and Tracy also spotlight a featured neighborhood in the Northeast Heights, sharing why it's a great place to live. Whether you're buying or selling, this episode equips you with the knowledge you need for a smoother real estate transaction.

00:00 Introduction to Closing Costs

00:26 Albuquerque Real Estate Market Update

01:15 Insights from the Mortgage Business

02:34 Albuquerque Home Values Breakdown

06:05 Challenges in Home Sales

09:23 Exploring a Featured Neighborhood

13:12 Deep Dive into Closing Costs

13:44 Who Pays the Closing Costs?

14:10 Understanding Buyer and Seller Closing Costs

14:27 Negotiating Closing Costs in Different Markets

14:56 Breakdown of Buyer Closing Costs

16:40 Breakdown of Seller Closing Costs

18:02 Real Estate Commissions and Negotiations

19:51 Timing and Payment of Closing Costs

22:16 Reducing Closing Costs for Buyers

26:08 Final Thoughts and Contact Information