There are certain typical expenses related to closing the sale of a house. These expenses are often split between the buyer and seller, as dictated 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 guide you through the deal.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your transaction, we'll not only work to get the optimal sales price, but we'll also campaign for lower closing costs. And once we've come to an agreement, we'll give a detailed list of the closing costs so you know exactly what you're paying for.
Buyers: If you're purchasing a home in Charlotte, you'll get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's previous experience and are required to be within a suitable range so you're not surprised when you reach the closing appointment. We'll be glad to go over the estimate with you, answering your questions and highlighting any estimates of concern.
Don't forget to factor in closing costs when considering a home sale or purchase. Atlantic Residential Realty, LLC is seasoned at helping both buyers and sellers when it comes to closings. E-mail
or call me today at 7045100440 if your needs include a real estate pro ready for the business side of real estate.