Anticipated closing costs

There are certain standard fees related to closing the sale of a house. These fees are usually split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Texas to help direct you through the transaction.

Closing costs that are tied to your mortgage    (Details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, the following taxes are usually paid    (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 sale, I'll not only work to get the optimal sales price, but I'll also push for reduced closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you know exactly where your money is going.

Buyers: If you're purchasing real estate in Fort Worth, you'll get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's past experiences and are required to be within a reasonable range so you're not astonished when you arrive at the closing appointment. I'll be willing to look over the estimate with you, answering your questions and highlighting any estimates that seem unusual.

Don't forget to factor in closing costs when considering a home sale or purchase. Megan Phelps is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 817-999-2211 if your needs include a professional REALTOR® experienced in the business side of real estate.

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