Anticipated closing costs
There are certain typical costs linked to closing the sale of a home. These fees are often divided between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Texas to help guide you through the process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually paid (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your sale, we'll not only work to get the optimal sales price, but we'll also advocate for limited closing costs. And once we've come to an agreement, we'll fully clarify the closing costs so you know exactly where your money is going.
Buyers: When buying a house in Austin, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's prior experience and are required to be within an acceptable range so you're not astonished when you reach closing time. We'll be glad to go over the estimate with you, answering your questions and highlighting any estimates that seem off.
Finding the right home at the right price is just one part of a real estate transaction. Westbank Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail
or call me today at 512-444-1300 if your needs include a professional REALTOR®
ready for the business side of buying and selling.