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

I 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. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I 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 or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 

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The GRI designation is earned after completion of a rigorous 92 hour educational program. It is recognized nationwide as the standard for advanced professionalism and knowledge of real estate.   The Accredited Buyer Representation designation is the benchmark of excellence for buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate Buyer's Agent Council to those who meet the specified educational and practical experience criteria.

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Five Star ProfessionalThe CRS Designation is the most rigorous and demanding of all Realtor designations, earned by just 5 percent of all Realtors.  In order to earn the CRS designation, one must complete 5 courses, pass 5 tests, and maintain certain production criteria.

 

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