Don't forget to factor in closing costs when considering a home sale or purchase. Toni Williams is experienced at helping both buyers and sellers when it comes to closings. E-mail or call me today at 916-337-3743 if your needs include a real estate pro ready for the business side of real estate.
Expected closing costsThere are certain ordinary costs linked to closing the sale of a house. These costs are often divided between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help lead you through the deal.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes commonly paid at closing
- 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 get through the details of your deal, not only will I work to get the very best sales price, but I'll also push for reduced closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you know exactly where your money is going.
Buyers: If you are purchasing a house, you will be given 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 a suitable range so you're not surprised when you reach the closing table. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates that seem off.