What closing costs should you expect?
There are certain basic costs accompanying closing the sale of a house. These expenses are commonly split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in California to help lead you through your process.
Costs pertaining to your mortgage to be paid at closing
(Click here for details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
|
Sellers: As we negotiate your transaction, not only will I work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going.
Buyers: If you are buying a home in Alameda 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 shocked when you reach closing time. I'll be happy to look over the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary. /Apps/Forms/LeadFormViewer.aspx?FormID=49657&GroupID=830317&PageName=ClosingCosts&AWSAccountPageID=72280752&NotificationEmail=