Finding the right home at the right price is just one aspect of a real estate transaction. RE/MAX Associates is seasoned at helping both buyers and sellers when it comes to closings. E-mail
or call me today at 4053598700 if your needs include a professional REALTOR®
experienced in the business side of buying and selling.
What closing costs should you expect?
There are certain normal fees associated with closing the sale of a house. These costs are often 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 Oklahoma to help direct you through the process.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually collected (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your sale, not only will I work to get the optimal sales price, but I'll also campaign for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.
Buyers: When buying a property in Oklahoma County, you'll get a "Good Faith Estimate" (GFE) 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 a suitable range so you're not surprised when you reach the closing appointment. I'll be willing to go over the GFE with you, answering your questions and highlighting any estimates in question.