Don't forget to factor in closing costs when considering a home sale or purchase. Real Estate One 1st LLC is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 517-694-1121 if your needs include a professional REALTOR® ready for the business side of real estate.

Anticipated closing costs

There are certain typical fees accompanying closing the sale of a house. These expenses are commonly divided between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Michigan 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

Taxes commonly paid at closing    (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 hammer out your sale, not only will I work to get the highest sales price, but we will also advocate for lower closing costs. And once we've reached an agreement, we will walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: When purchasing a house in Ingham County, you will be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within an appropriate range so you're not surprised when you arrive at the closing appointment. We will be glad to look through the GFE with you, answering your questions and highlighting any estimates that seem questionable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   


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