Closing costs you should expect

There are certain normal costs linked to closing the sale of a house. These fees are usually split between the buyer and seller, as noted 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 the process.

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

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

At closing, these taxes are usually collected    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for 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, not only will I work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: When purchasing real estate in Polk 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 past experiences and is required to be within a tolerable range so you're not astonished when you arrive at closing time. I'll be willing to go through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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