What closing costs should you expect?

There are certain basic expenses linked to closing the sale of a house. These costs are usually split between the buyer and seller, as instructed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Minnesota to help show you through the transaction.

Closing costs that are tied to your mortgage    (Details)

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

Taxes you may be responsible for at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Details)

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

Sellers: As we hammer out your deal, I'll not only work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you are aware of exactly what you're paying for.

Buyers:  You will be given a "Loan Estimate" (LE) 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 shocked when you show up at closing time.  I'll be glad to go through the LE with you, answering your questions and highlighting any estimates that are uncertain.

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RE/MAX Select Properties

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25 W. Center Street PO Box 425
Harmony, MN 55939