There are certain standard costs linked to closing the sale of a house. These costs are commonly split between the buyer and seller, as spelled out 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 deal.
Costs pertaining to your loan to be paid at closing
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- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we get through the details of your transaction, not only will we work to get the very best sales price, but we'll also campaign for limited closing costs. And once we've come to an agreement, we'll fully explain the closing costs so you know exactly where your money is going.
Buyers: When purchasing a home in North Carolina, you will receive 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 previous experience and is required to be within a reasonable range so you're not surprised when you reach closing time. we'll be willing to go over the GFE with you, answering your questions and highlighting any estimates of concern.