What closing costs should you expect?

There are certain normal expenses related to closing the sale of a house. These expenses are often divided between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help show you through your deal.

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

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

At closing, the following 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 negotiate your deal, not only will I work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are informed of exactly where your money is going.

Buyers: If you are purchasing real estate in Wake 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 prior experience and is required to be within an acceptable range so you're not stunned when you reach the closing table. I'll be glad to review the LE with you, answering your questions and highlighting any estimates that seem questionable.

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O'Brien & Associates Realty Inc @ Keller Williams Raleigh

4700 Homewood Ct STE 200
Raleigh, North Carolina 27609