What closing costs should you expect?

There are certain expected expenses associated with closing the sale of a house. These expenses are usually divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through the process.

Closing costs that are tied to your mortgage    (Details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, the following taxes are usually paid    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we get through the details of your transaction, I'll not only work to get the highest sales price, but I'll also campaign for limited closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going.

Buyers: If you are purchasing real estate in County, you will receive a "Loan Estimate" (LE) 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 a suitable range so you're not astonished when you arrive at the closing appointment. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that are uncertain.

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