There are certain ordinary costs related to closing the sale of a house. These fees are commonly divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through the transaction.
Loan-related closing costs
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following 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 negotiate your transaction, I'll not only work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.
Buyers: If you're buying a home in Catawba County, 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 get to the closing table. I'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem questionable.