Don't forget to factor in closing costs when considering a home sale or purchase. Morris Williams Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (888) 326-3949 if your needs include a real estate pro ready for the business side of buying and selling.

Closing costs you should expect

There are certain basic fees associated with closing the sale of a house. These costs are usually divided between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert to help lead you through the deal.

Costs pertaining to your loan to be paid at closing    (Details)

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

Taxes commonly paid at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Details)

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

Sellers: As we get through the details of your deal, we'll not only work to get the highest sales price, but we'll also campaign for reduced closing costs. And once we've reached an agreement, we'll give a detailed list of the closing costs so you know exactly what you're paying for.

Buyers: When buying a house, you will receive 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 previous experience and is required to be within a tolerable range so you're not shocked when you come to the closing appointment. We'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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