Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are generally split between the buyer and the seller, as spelled out in the sales contract.

As we negotiate the sales contract for you, we will not only work to get the sales price you want, we will also work to limit the number of closing costs for which you will be responsible.

We 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. We will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates we 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

 

Closing Costs

If you're buying or selling a home, make sure your Realtor asks the
title company to give you a list of your closing costs. This can
include many things such as escrow fees, inspection reports, pest
work, and prorated taxes and insurance. And the list goes on.
Please let us help you with your real estate needs.
 
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       Bob Mitchell, CRS, GRI and Tricia Mitchell, CRS, GRI, ePRO 
Real Estate Professionals GMAC, Redding, California  
           530 224-6756         mitchell@awwwsome.com             866-424-6756  
      
            

     

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