Expected closing costs

There are certain ordinary fees accompanying closing the sale of a house. These expenses are usually divided between the buyer and seller, as instructed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Virginia to help guide you through your transaction.

Loan-related closing costs    (Learn more)

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

Taxes you may be responsible for at closing    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are buying a property in Gloucester County, you'll get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within a suitable range so you're not startled when you come to the closing table. I'll be happy to go over the LE with you, answering your questions and highlighting any estimates that are uncertain.

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