Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are allocated to the buyer and the seller, as spelled out in the sales contract.

As Andy negotiates the sales contract for you, he will not only work to get the highest sales price the market will bear, he will also work to limit the number of closing costs for which you will be responsible.

Andy will walk you through the closing costs, answering any questions you may have about which costs are decreed by law to be yours and which are negotiable.

GOOD FAITH ESTIMATE

Buyers will receive a Good Faith Estimate (GFE) of closing costs from the lender at the time the loan application is submitted. The estimate is based on the loan officer's experience and may not include all the closing costs.  I will be glad to review the GFE with you answering any questions.

STANDARD CLOSING COSTS 

Loan-Related Costs

• Loan Origination Fee
• Points (Optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account

Taxes and Other County Costs

• Property Tax
• Documentary Fee 
• Recording Fees

Insurance

• Homeowners Insurance
• Flood Insurance
• Private Mortgage Insurance
• Title Insurance