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

We will walk you through the closing costs, answering any questions you may have 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 typical costs on similar loans and may not include all the closing costs that are specific to certain transactions or are not considered usual and customary. We will review the Good Faith Estimate with you answering questions and offering suggestions on keeping it as low as possible. In certain cases you may select a "No Out-of-Pocket Fees" loan also commonly called a 'No Closing Cost' transaction. We will also cover the possible benefits of choosing that option.