Closing costs you should expect

There are certain basic costs related to closing the sale of a house. These costs are usually divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through your process.

Closing costs that are loan-related    (Click here for more information)

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

At closing, the following taxes are usually paid    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we negotiate your deal, not only will I work to get the very best sales price, but I'll also push for limited closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying real estate in Rowan 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 an acceptable range so you're not stunned when you get to the closing table. I'll be willing to look through the LE with you, answering your questions and highlighting any estimates that seem off.