Don't forget to factor in closing costs when considering a home sale or purchase. The Real Estate Shoppe is seasoned at assisting both buyers and sellers when it comes to closings. E-mail
or call us today at 336 625 1100 if your needs include a professional REALTOR®
experienced in the business side of buying and selling.
Expected closing costs
There are certain ordinary expenses linked to closing the sale of a house. These expenses are usually split between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through the transaction.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your deal, we'll not only work to get the highest sales price, but we'll also advocate for reduced closing costs. And once we've arrived at an agreement, we'll give a detailed list of the closing costs so you are aware of exactly what you're paying for.
Buyers: If you are purchasing real estate in Asheboro, 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 tolerable range so you're not shocked when you reach closing time. We'll be willing to go over the GFE with you, answering your questions and highlighting any estimates that seem questionable.