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Finding the right home at the right price is just one part of a real estate transaction. REMAX UNIVERSAL REAL ESTATE is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 718-445-1212 if your needs include a real estate pro ready for the business side of buying and selling.
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Expected closing costs
There are certain normal expenses accompanying closing the sale of a house. These fees are commonly divided between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New York to help lead you through your deal.
Loan-related closing costs
(Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we get through the details of your deal, not only will I work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you are informed of exactly what you're paying for.
Buyers: When purchasing a house in Queens County, you will get 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 prior experience and is required to be within an appropriate range so you're not astonished when you show up at the closing table. I'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem off.
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