Don't forget to factor in closing costs when considering a home sale or purchase. The BARBARA PUGH Real Estate Team is experienced at helping both buyers and sellers when it comes to closings. E-mail
or call us today at 910-520-2945 if your needs include a real estate pro ready for the business side of buying and selling.
What closing costs should you expect?
There are certain basic expenses linked to closing the sale of a house. These expenses are commonly split between the buyer and seller, as instructed 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 process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your transaction, not only will we work to get the optimal sales price, but we'll also advocate for lower closing costs. And once we've arrived at an agreement, we'll explain in detail the closing costs so you are informed of exactly what you're paying for.
Buyers: When buying real estate in New Hanover County, you'll be given 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 past experiences and is required to be within an acceptable range so you're not surprised when you come to closing time. We'll be glad to go through the GFE with you, answering your questions and highlighting any estimates of concern.