There are certain ordinary fees related to closing the sale of a house. These costs are usually 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 North Carolina to help show you through the deal.
Costs pertaining to your mortgage to be paid at closing
(Click here for details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your sale, not only will I work to get the very best sales price, but I'll also push for limited closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.
Buyers: If you're purchasing a property in New Hanover County, you will be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a tolerable range so you're not startled when you arrive at the closing table. I'll be willing to review the LE with you, answering your questions and highlighting any estimates that seem questionable.