1-718-863-8778 Bronx and I'll aid you to understand all the expenses and call attention to any mistakes.
1-718-863-8778 There are certain expected costs accompanying closing the sale of a house. These expenses are commonly 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 New York to help show you through the process.
Loan-related closing costs
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
As we get through the details of your sale, I'll not only work to get the optimal sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you know exactly where your money is going.
If you are purchasing a home in Bronx County, 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 reasonable range so you're not startled when you show up at the closing table. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates of concern.