Don't forget to factor in closing costs when considering a home sale or purchase. Vickie Karp is seasoned at aiding both buyers and sellers when it comes to closings. E-mail
or call us today at (512) 775-3737 if your needs include a professional REALTOR®
experienced in the business side of real estate.
Anticipated closing costsThere are certain basic costs linked to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as dictated in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Texas to help direct you through your deal.
Costs pertaining to your mortgage to be paid at closing (Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes commonly paid at closing (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Details)
- Homeowners Insurance
- Flood Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your transaction, not only will we work to get the highest sales price, but we'll also attempt to limit any closing costs the buyer may request you pay. And once we've reached an agreement, we'll walk you through the closing costs so you are informed of a close approximation of what you will net from your sale.
Buyers: When purchasing a house in Austin, you'll get 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 prior experience and is required to be within a close range of real costs so you won’t suffer “sticker shock” at your closing. We'll be happy to look over the GFE with you, answering your questions and highlighting any estimates of concern.