Don't forget to factor in closing costs when considering a home sale or purchase. Brenda Regan, Broker Associate, is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call me today at (269) 930-7355 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 normal expenses accompanying closing the sale of a house. These expenses are usually divided between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Michigan to help guide you through the deal.

Loan-related closing costs    (Click here for details)

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

Taxes you may be responsible for at closing    (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 hammer out your sale, not only will I work to get the very best sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are buying real estate in Southwest Michigan, 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 a tolerable range so you're not surprised when you come to closing time. I'll be happy to go over the GFE with you, answering your questions and highlighting any estimates in question.
* MOL = More or Less

                                    


Brenda Regan, Broker Associate, Realtor, CRS, GRI, ABR Attila Real Estate 3665 So. Lakeshore Drive Saint Joseph, MI 49085
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