Don't forget to factor in closing costs when considering a home sale or purchase. Bobby is experienced in assisting both buyers and sellers when it comes to closings. E-mail or call me today at 919-614-0752 if your needs include a real estate professional that is ready for the business side of real estate.

Closing costs you should expect

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

Costs pertaining to your loan to be paid at closing    (Details)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account (for property taxes & insurance)
  • Closing Fee (Attorney or Title Company)

At closing, these taxes are usually paid    (Details)

  • Property Taxes
  • Transfer Taxes (typically paid by the seller in NC) and Recording Fees

Insurance fees due at closing    (Details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance
  • HOA Dues (if applicable)

Sellers: As we hammer out the details of your transaction, not only will I work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I will provide a detailed list of the closing costs so you are informed of exactly where your money is going.

Buyers: If you are buying a house in Triangle/Raleigh area, you'll get a "Good Faith Estimate" (GFE) now called the Loan Estimate (LE) outlining the closing costs within three days of submitting your loan application. The estimate is based upon the estimated costs and is required to be within an acceptable range so you're not surprised when you arrive at closing time. I will be glad to go over the GFE with you, answering your questions and highlighting any estimates that are uncertain.

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