Closing costs you should expect

There are certain ordinary costs associated with closing the sale of a house. These costs are usually divided between the buyer and seller, as dictated 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 lead you through your process.

Loan-related closing costs    (Details)

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

Taxes you may be responsible for at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Details)

  • 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 very best 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 aware of exactly where your money is going.

Buyers: If you are purchasing real estate in Wake County, you'll 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 appropriate range so you're not shocked when you show up at the closing appointment. I'll be happy to look at the LE with you, answering your questions and highlighting any estimates that are uncertain.

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O'Brien & Associates Realty Inc

409 Bart Street
Raleigh, NC 27610