Don't forget to factor in closing costs when considering a home sale or purchase. RE/MAX Trinity is experienced at helping both buyers and sellers when it comes to closings. E-mail
or call me today at (817) 714-1171 if your needs include a real estate pro experienced in the business side of buying and selling.
What Closing Costs Should You Expect?There are certain normal costs associated with closing the sale of a house. These expenses are usually split between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Texas to help guide you through the process.
Loan-related closing costs (Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes commonly paid at closing (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 hammer out your deal, I'll not only work to get the highest sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are informed of exactly where your money is going.
Buyers: When buying a house, you will 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 previous experience and is required to be within a reasonable range so you're not startled when you arrive at the closing table. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that seem questionable.