What closing costs should you expect?

 

There are certain ordinary costs accompanying closing the sale of a house. These costs are usually split between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in California to help lead you through the transaction


Loan-related closing costs 

 

  • Points (optional)

  • Appraisal Fee

  • Credit Report

  • Interest Payment

  • Escrow Account

 

At closing, the following taxes are usually collected
 
  • Property Taxes

  • Transfer Taxes and Recording Fees

 

At closing, these fees are often due

 

  • Homeowners Insurance

  • Flood or Quake Insurance (optional)

  • Private Mortgage Insurance (PMI) (optional)

  • Title Insurance

Sellers: As we hammer out your transaction, I'll not only work to get the optimal sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going. 

Buyers: When buying real estate in Norwalk, you'll get a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's prior experience and is required to be within an appropriate range so you're not surprised when you get to the closing appointment. I'll be willing to look through the GFE with you, answering your questions and highlighting any estimates in questio

Don't forget to factor in closing costs when considering a home sale or purchase. Century 21 Realty Masters is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call me today at 714 -272-1138 if your needs include a real estate pro experienced in the business side of buying and selling.