What closing costs should you expect?

There are certain standard expenses associated with closing the sale of a house. These costs are usually divided between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through the transaction.

Loan-related closing costs    (Click here for more information) Points (optional) Appraisal Fee Credit Report Interest Payment Escrow Account At closing, the following taxes are usually paid    (Click here for more information) Property Taxes Transfer Taxes and Recording Fees At closing, these fees are often due    (Click here for more information) Homeowners Insurance Flood or Quake Insurance (optional) Private Mortgage Insurance (PMI) (optional) Title Insurance

Sellers: As we hammer out your transaction, I'll not only work to get the optimal sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: When buying a house in Alamance County, you'll get 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 stunned when you reach closing time. I'll be happy to look through the LE with you, answering your questions and highlighting any estimates that seem unusual.