Finding the right home at the right price is just one aspect of a real estate transaction. Precise Real Estate & Dev is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 301-695-3343 if your needs include a real estate pro experienced in the business side of real estate.

Anticipated closing costs

There are certain typical costs accompanying closing the sale of a house. These expenses are usually split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in the Tri-State area to help guide you through the deal.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

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

At closing, the following taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we get through the details of your transaction, not only will we work to get the optimal sales price, but we'll also push for lower closing costs. And once we've reached an agreement, we'll give a detailed list of the closing costs so you know exactly where your money is going.

Buyers: If you are purchasing a home, you'll get a "Good Faith Estimate" (GFE) of closing costs within a few days of submitting your loan application. The estimate is based on the loan officer's prior experience and is required to be within a suitable range so you're not astonished when you show up at the closing appointment. We'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that seem off.

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