There are certain ordinary costs related to closing the sale of a house. These expenses are commonly allocated between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Colorado to help lead you through your deal.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your sale, we'll not only work to get the highest sales price, but we'll also push for lower closing costs. And once we've arrived at an agreement, we'll fully explain the closing costs so you know exactly where your money is going.
Buyers: If you are buying real estate in Colorado, 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 past experiences and are required to be within a suitable range so you're not astonished when you reach the closing table. We'll be glad to look over the estimate with you, answering your questions and highlighting any estimates of concern.
Finding the right home at the right price is just one part of a real estate transaction. Marilyn Allen at ReMax Unlimited @ Cherry Creek Reservoir is seasoned at aiding both buyers and sellers when it comes to closings. E-mail
or call me today at 303-332-6166 when you're ready for the business side of real estate.