Closing costs you should expect

There are certain expected costs associated with closing the sale of a house. These costs are commonly divided between the buyer and seller, as instructed 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 lead you through your transaction.

Closing costs that are tied to financing    (Click here for details)

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

At closing, these 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 hammer out your transaction, not only will I work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: If you are purchasing real estate in Wake County, you will be given a "Loan Estimate" (LE) 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 an acceptable range so you're not stunned when you arrive at the closing table. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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O'Brien & Associates Realty Inc @ Keller Williams Raleigh

4700 Homewood Ct STE 200
Raleigh, North Carolina 27609