Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As your agent negotiates the sales contract for you, They should not only work to get the sales price you want, but also work to limit the number of closing costs for which you will be responsible by asking the seller to pay as much as possible, up to the legal limit of 5%.

They will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable. It would also be wise to consult with your loan officer they are very adept when it come to the money end of the deal.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the information provide to them by you or your agent. There are many variable that your loan officer will review with you.  Cost that can sometimes fluctuate are noted below - *(     )