Finding the right home at the right price is just one part of a real estate transaction. Mitchell Prime Properties is seasoned at aiding both buyers and sellers when it comes to closings. E-mail
or call me today at 336-722-9911 if your needs include a real estate pro experienced in the business side of real estate.
Closing costs you should expect
There are certain normal costs related to closing the sale of a house. These expenses are commonly split between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help direct you through your process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we hammer out your sale, I'll not only work to get the optimal sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you know exactly where your money is going.
Buyers: When purchasing a home in Winston-Salem, 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 previous experience and is required to be within an acceptable range so you're not shocked when you arrive at the closing appointment. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem unusual.