Our #1 job with closing will be to help you comprehend all the costs and point out any inaccuracies. There are certain normal costs associated with closing the sale of a house. These expenses are usually split between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you’ll want a real estate expert in the Greater Lansing Area to help show you through your process.
Looking to Buy?
We’re experienced and knowledgeable.
It’s a tremendous undertaking buying a home. Of course with all the excitement is also some uneasiness especially leading up to the transaction. If you’re like most people, we bet you’ll likely want some expert advice along the way and you’ll undoubtedly need a real estate agent looking out for your top interests.
We’re without question qualified in Greater Lansing real estate, and would love to provide assistance with purchasing your first home.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually paid
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing
- Homeowners Insurance
- Flood Insurance
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your deal, I’ll not only work to get the very best sales price, but I’ll also campaign for reduced closing costs. And once we’ve arrived at an agreement, I’ll walk you through the closing costs so you know exactly what you’re paying for.
Buyers: When buying a house, you’ll be given 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 suitable range so you’re not stunned when you get to the closing table. I’ll be willing to look at the GFE with you, answering your questions and highlighting any estimates that seem off.