There are certain standard expenses related to closing the sale of a home. These costs are often split between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help direct you through the deal.
Closing costs that are loan-related
- 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
Insurance fees due at closing (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your transaction, I'll not only work to get the optimal sales price, but I'll also push for limited closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.
Buyers: If you're purchasing a house in Broken Bow, you will be given 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 prior experience and are required to be within a reasonable range so you're not astonished when you show up at closing time. I'll be willing to look over the estimate with you, answering your questions and highlighting any estimates that seem questionable.
Don't forget to factor in closing costs when considering a home sale or purchase. Kohler's Four Seasons Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail
or call me today at 580-584-SOLD (7653) if your needs include a real estate pro ready for the business side of real estate.