What closing costs should you expect?
There are certain expected expenses linked to closing the sale of a house. These expenses are often 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 Arizona to help direct you through your deal.Costs pertaining to your loan to be paid at closing (Click here for more information)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually paid (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 get through the details of your transaction, I'll not only work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you are aware of exactly what you're paying for.
Buyers: When purchasing a property in Avondale, you'll receive a "Good Faith Estimate" (GFE) 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 reasonable range so you're not shocked when you reach the closing appointment. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates that seem unusual.
