There are certain basic fees associated with closing the sale of a house. These expenses are commonly split between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you’ll want a real estate expert in North Carolina to help direct you through the transaction.
Loan-related closing costs (Click here for details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually collected (Click here for details)
- Property Taxes
- Transfer Taxes and Recording Fees
Insurance fees due at closing (Click here for details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your transaction, we’ll not only work to get the very best sales price, but we’ll also campaign for reduced closing costs. And once we’ve come to an agreement, we’ll give a detailed list of the closing costs so you are aware of exactly what you’re paying for.
Buyers: When purchasing a property in Pitt County, you’ll 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 previous experience and is required to be within a tolerable range so you’re not astonished when you arrive at the closing table. We’ll be happy to go through the GFE with you, answering your questions and highlighting any estimates that seem off.