There are certain typical fees linked to closing the sale of a house. These expenses are usually split between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help direct you through the process.
Costs pertaining to your mortgage to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your sale, we'll not only work to get the highest sales price, but we'll also push for reduced closing costs. And once we've come to an agreement, we'll explain in detail the closing costs so you are aware of exactly where your money is going.
Buyers: When purchasing a property in San Diego, you'll be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's previous experience and are required to be within a tolerable range so you're not surprised when you reach the closing appointment. We'll be happy to look at the estimate with you, answering your questions and highlighting any estimates of concern.
Finding the right home at the right price is just one aspect of a home sale or purchase. Rancho Buena Vista Real Estate is seasoned at aiding both buyers and sellers when it comes to closings. E-mail
or call me today at 619-624-2052 if your needs include a real estate pro ready for the business side of real estate.