Closing costs you should expect

There are certain standard fees associated with closing the sale of a house. These fees are often split 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 Virginia to help show you through your transaction.

Loan-related closing costs    (Click here for more information)

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

Taxes you may be responsible for at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

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

Sellers: As we negotiate your sale, I'll not only work to get the highest sales price, but I'll also campaign for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you know exactly what you're paying for.

Buyers: If you're purchasing a property in Gloucester County, you'll be given a "Loan Estimate" (LE) 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 reasonable range so you're not stunned when you show up at closing time. I'll be willing to go through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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