Don't forget to factor in closing costs when considering a home sale or purchase. Kolan Smith is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call me today at 336-416-9313 if your needs include a real estate pro experienced in the business side of real estate.

Closing costs you should expect

There are certain ordinary expenses linked to closing the sale of a house. These fees are commonly divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through the deal.

Closing costs that are tied to your mortgage    (More information)

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

At closing, these taxes are usually collected    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (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 push for reduced closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are informed of exactly where your money is going.

Buyers: When purchasing a house , 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 previous experience and is required to be within a suitable range so you're not surprised when you arrive at closing time. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem unusual.

Piedmont Group Properties PO Box 968 313 Kirby Rd. King, NC 27021
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