Anticipated closing costs

There are certain basic costs linked to closing the sale of a house. These expenses are usually divided between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help lead you through your transaction.

Closing costs that are tied to your mortgage    (Click here for details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes you may be responsible for at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we hammer out your sale, not only will I work to get the very best sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going.

Buyers: When purchasing a house in Fayetteville, you'll receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's past experiences and are required to be within a reasonable range so you're not shocked when you show up at closing time. I'll be happy to review the estimate with you, answering your questions and highlighting any estimates that seem unusual.

Don't forget to factor in closing costs when considering a home sale or purchase. Alotta Properties, Inc is experienced at helping both buyers and sellers when it comes to closings. E-mail or call me today at 9102613559 if your needs include a real estate pro experienced in the business side of real estate.

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