Closing Costs

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

As we negotiate the sales contract for you, we will not only work to get the sales price you want, we will also work to limit the number of closing costs for which you will be responsible.

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

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. Your agent will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates they believe to be low.

Standard Closing Costs

Loan-Related Costs

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

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood Insurance if required
  • Private Mortgage Insurance (PMI)
  • Title Insurance

We can show you any home on the market, regardless of listing company.  Call us to discuss your Real Estate Needs!  You'll be happy you did!

-Commonwealth LLC Realtors -  
PRO TEAM

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Commonwealth LLC Realtors ~ Collinsville, Virginia
Licensed in Virginia


Commonwealth LLC Realtors 2821 Virginia Avenue Collinsville, VA 24078
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