Expected closing costs

There are certain typical fees associated with closing the sale of a house. These expenses are commonly split between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in North Carolina to help lead you through your process.

Costs pertaining to your mortgage to be paid at closing    (Click here for more information)

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

Taxes commonly paid at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

  • 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 optimal sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll explain in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying real estate in Durham County, you'll 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 reasonable range so you're not surprised when you get to closing time. I'll be willing to look through the LE with you, answering your questions and highlighting any estimates of concern.

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