Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 


Joe Wilson, Realty World, Engstrom & Associates 1250 Oakmead Parkway, Suite 210 Sunnyvale, CA 94085
Phone:

Contact Me | Mortgage Rates | ZILLOW Home Valuation | Crime Reports | Free Credit Report | Willow Glen 2.0 | School District Locator | Switch Utilities | Downtown Willow Glen | About Joe Wilson | Why Joe Wilson? | For Engineers Only | Buying Process | Selling Process | Morgan Hill | Gilroy | San Jose | Milpitas | Santa Clara County | Santa Clara | Saratoga | Los Gatos | Sunnyvale | Mountain View | Los Altos | Palo Alto | County Market Statistics | CA School Scores | CYBER Home Valuation | My Newsletter | City Sales Statistics | Price Heat Map | Weekly Mortgage Rpt | School Score Map | City Data | MLS Search | Environmental Sites | First Time Buyers | Choosing A Buyer's Agent | Real Estate News | Choosing a Listing Agent | Home | Site Map | Mortgage Calculators | Buying Foreclosures/REO's | My Blog | Silicon Valley Buyers | Silicon Valley Sellers

Copyright © 2010 Joe Wilson, Realty World, Engstrom & Associates
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.