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

We'll walk you through the closing costs, answering any questions you may have, and 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. We'll be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates we 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

             


Long & Foster Real Estate, Inc 45315 Alton Lane, Suite 16032 California, MD 20619
Phone: Toll Free Phone: Fax:

Why Title Insurance? | Why an inspection? | WHY CHOOSE US ? | CONTACT US | Curb Appeal List | Setting the Sales Price | Lead in the Home | Get the Highest Price | Selling FSBO | Free Home Valuation | Your FICO score | 9 Steps(video) | SEARCH THE MLS! | Dream Home(video) | BUYING | Selling(video) | Staging(video) | LOCAL LINKS | REAL ESTATE CAREERS | Closing Costs | First Time Buyers | Inspection Tips | Home Buyer Checklist | NEWS | Real Estate Glossary | Selling Your Home | HOME | FINANCING | Bi-Weekly Mortgage | Writing the Offer | Loan Programs | Locking in Rates | Staying Approved | Staging Your House | Staging Checklist | Creative Financing | 9 Steps to Owning | Mold in the Home | Site Map | Reasons Homes Don't Sell | Be Accessible! | Buying Foreclosures/REO's | Types of Listing Contracts | The Listing Contract | Contingencies in Contracts | Listing Commissions | The Back Yard | What's Earnest Money? | Should you paint? | Homeowner Warranties | The Kitchen | Role of the MLS | Flowers Add Curb Appeal! | ETHICS IN REAL ESTATE | Improvements That Pay | Selling One, Buying Another | Fixer Uppers | Mfg vs Modular Homes | OFFICE BLOG

Copyright © 2008 Long & Foster Real Estate, Inc
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.