Don't forget to factor in closing costs when considering a home sale or purchase. Nelson's List is experienced at assisting both buyers and sellers when it comes to closings. E-mail
or call me today at 917-397-0507 if your needs include a professional REALTOR®
experienced in the business side of real estate.
What closing costs should you expect?
There are certain normal fees accompanying closing the sale of a house. These expenses are often divided between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in New York to help direct you through your deal.
Closing costs that are loan-related
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your deal, I'll not only work to get the optimal sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you know exactly what you're paying for.
Buyers: If you are purchasing real estate in Oklahoma County, you'll 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 an acceptable range so you're not shocked when you reach the closing table. I'll be glad to look over the GFE with you, answering your questions and highlighting any estimates that are uncertain.