Don't forget to factor in closing costs when considering a home sale or purchase. Choice Properties, LLC is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 704-541-8088 Ext 14 if your needs include a real estate pro ready for the business side of real estate.

What Closing Costs Should You Expect?

There are certain ordinary costs related to closing the sale of a house. These fees are usually 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 guide you through your deal.

Costs pertaining to your loan to be paid at closing    (Click here for more information)

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

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

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

Sellers: As we get through the details of your sale, we'll not only work to get the optimal sales price, but we'll also push for reduced closing costs. And once we've reached an agreement, we'll explain in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a property in Mecklenburg County, you will receive 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 past experiences and is required to be within a reasonable range so you're not startled when you arrive at the closing appointment. We'll be glad to review the GFE with you, answering your questions and highlighting any estimates of concern.

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