There are certain standard costs
associated with closing the sale of a house. These fees are split between the buyer and
the seller, as spelled out in the sales contract.
As I negotiate the sales contract for
you, I will not only work to get the sales price you want, I will also work to limit the
number of closing costs for which you will be responsible.
I will walk you through the closing
costs, answering any questions you may have explaining which costs are decreed by law to
be yours and which are negotiable.
Good Faith Estimate
Buyers will receive a "Good
Faith Estimate" of closing costs at the time the loan application is submitted to the
lender. The estimate is based on the loan officer's past experience and may not include
all the closing costs. I will be glad to review the "Good Faith Estimate,"
answering questions and highlighting missing costs and estimates I believe to be low.
Standard
Closing Costs
Loan-Related Costs
- Loan Origination Fee
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance
- Homeowners Insurance
- Flood or Quake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
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