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Don't forget to factor in closing costs when considering a home sale or purchase. Century21 HomeStar is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 614 332-4663 if your needs include a real estate pro experienced in the business side of real estate.
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What closing costs should you expect?
There are certain ordinary expenses related to closing the sale of a house. These costs are usually 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 Ohio to help lead you through the transaction.
Costs pertaining to your loan to be paid at closing
(Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these 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
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Sellers: As we hammer out your transaction, I'll not only work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you are informed of exactly what you're paying for.
Buyers: When purchasing a property in Franklin County, you will 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 tolerable range so you're not stunned when you get to closing time. I'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.
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