Closing Costs

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

 

        Stephanie Boykin (COLDWELL BANKER Prestige Homes & Real Estate, Inc.): Real Estate Agent in Enterprise, Coffee County, Alabama         LinkedIn

 

The Web Ask Stephanie Boykin

                                      


Coldwell Banker Prestige Homes & Real Estate, Inc. 529 B. Boll Weevil Circle Enterprise, AL 36330
Phone: Toll Free Phone: Cell: Fax:

Why an inspection? | Setting the Sales Price | Get the Highest Price | What's Your Home Worth? | Contact Steph | You Tube | Need Better Credit Scores | Debt Negotiation | First Time Buyers | Home Buyer Checklist | View My Listings | Selling Your Home | Home | Locking in Rates | Staying Approved | Neighborhood Prices | Site Map | Buying Foreclosures/REO's | Role of the MLS | Improvements That Pay | Selling One, Buying Another | Fixer Uppers | Daily Rate Lock Advisory | My Blog

Copyright © 2010 Coldwell Banker Prestige Homes & Real Estate, Inc.
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: