Closing costs you should expect

 Castles & Homes Real Estate can walk you through closing - 405-806-0003

There are certain normal expenses linked to closing the sale of a house. These fees are usually 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 Oklahoma to help direct you through your deal.

Costs pertaining to your mortgage to be paid at closing    (Learn more)

  • Lender Points (optional)
  • Lender Fees
  • Appraisal Fee
  • Credit Report
  • Interest Payment

Taxes you may be responsible for at closing    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

  • Title Insurance 
  • Homeowners Insurance (full year premium)
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Escrows (If applicable, 2-3 months of insurance & 2-4 months of taxes)

Sellers: As we negotiate your transaction, not only will we work to get the highest sales price, but we'll also campaign for limited closing costs. And once we've come to an agreement, we'll give a detailed list of the estimated closing costs so you know exactly where your money is going.

Buyers: When buying a property in Edmond, you will be given 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 previous experience and are required to be within an appropriate range so you're not surprised when you come to the closing appointment. We'll be happy to go over the estimate with you, answering your questions and highlighting any estimates that seem questionable.

Finding the right home at the right price is just one aspect of a home sale or purchase. Castles & Homes Real Estate is experienced at helping buyers, sellers & investors when it comes to closings. E-mail or call us today at 405-806-0003 it reach real estate professionals who are experienced in the business side of real estate.

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