Lake Lure Land Real Estate in Rutherfordton, NC
Closing Costs   

The decision to buy is always exciting. Here is a realistic look at what to expect when purchasing real estate.

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, and are in addition to the sales price. Also, pro-rated property owners association dues may be applicable, as well as the reimbursement of a septic permit and/or well 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 in Hearthstone Ridge)
  • 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
Some properties may also require:
  • Reimbursement of well permit from the health department @ $350 ea.
  • Insurance on cabins and homes
  • Surveyor fee when joining parcels together @ $425 (approximately)

Hearthstone Ridge, Clearwater Creek, and Sweetbriar Farms are private, gated communities.
To ensure the privacy and security of their residents, our cabins and land for sale are shown by appointment only.
Please call Dan Hoffman at 828-289-6885, or use the "contact us" page to arrange a visit or obtain additional information. Thank You!

Local Information

Property is offered by Lake Lure Land, a real estate company owned and operated by NC licensed real estate broker Daniel Hoffman.
Lake Lure Land specializes in western North Carolina real estate, offering land for sale, cabins for sale, and homes for sale in western NC,
and represents Mtn Creek Land Co., Inc., a residential developer, and other individual owners of property offered herein.
Prices and availability subject to change without notice. Privacy Policy here.
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