There are certain expected expenses accompanying closing the sale of a home. These expenses are often split 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 New York to help guide you through the process.
Closing costs that are tied to your mortgage
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected (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
Sellers: As we get through the details of your sale, I'll not only work to get the very best sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.
Buyers: When purchasing a home in Newburgh, you'll get 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 a suitable range so you're not shocked when you get to the closing appointment. I'll be willing to look at the estimate with you, answering your questions and highlighting any estimates that seem unusual.
Finding the right home at the right price is just one aspect of a home sale or purchase. HANSON REAL ESTATE PARTNERS is seasoned at aiding both buyers and sellers when it comes to closings. E-mail
or call me today at 845-430-8380 if your needs include a professional REALTOR®
ready for the business side of real estate.