What closing costs should you expect?

There are certain typical expenses associated with closing the sale of a house. These expenses are usually divided 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 Connecticut to help show you through your transaction.

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

Insurance fees due at closing    (Click here for details)

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

Sellers: As we negotiate your sale, not only will I work to get the very best sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying real estate in Hartford County, you'll receive a "Loan Estimate" (LE) 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 a reasonable range so you're not stunned when you reach the closing table. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that seem unusual.

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