What closing costs should you expect?

There are certain ordinary fees related to closing the sale of a house. These fees are commonly split between the buyer and seller, as instructed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in SOUTH CAROLINA to help show you through your deal.

Closing costs that are tied to financing    (Details)

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

Taxes commonly paid at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we get through the details of your transaction, I'll not only work to get the very best sales price, but I'll also campaign for limited closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you are informed of exactly where your money is going.

Buyers: If you are purchasing a home in Lexington 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 previous experience and is required to be within a reasonable range so you're not stunned when you get to closing time. I'll be glad to go over the LE with you, answering your questions and highlighting any estimates of concern.

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Jason Compton

Coldwell Banker Residential Brokerage