Hawaii Pre-Licensing National Practice Exam

The typical closing cost percentage that a buyer can expect to pay in Hawaii ranges from 2 to 5% of the purchase price. This percentage encompasses various costs associated with the closing process, including title insurance, escrow fees, lender fees, and pre-paid items like property taxes and homeowner's insurance.

Understanding this range is crucial for buyers to budget effectively for their real estate transactions. Knowing that closing costs can add a significant amount to the overall cost of purchasing a home helps buyers prepare financially. The 2-5% figure reflects common expenses that occur during the closing phase and aligns with industry norms observed in many real estate transactions, making it a practical expectation for buyers entering the market.