Finding the right home at the right price is just one aspect of a home sale or purchase. Scissortail Residential Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail
or call me today at (405) 470-5500 if your needs include a professional REALTOR®
ready for the business side of real estate.
What closing costs should you expect?
There are certain normal fees accompanying closing the sale of a house. These costs are usually divided between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help guide you through the deal.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes commonly paid at closing (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Learn more)
- 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 advocate for lower closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you are aware of exactly where your money is going.
Buyers: If you're buying a property in Oklahoma City, you'll 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 suitable range so you're not astonished when you get to closing time. I'll be willing to look over the GFE with you, answering your questions and highlighting any estimates of concern.