Closing costs you should expect

There are certain standard costs related to closing the sale of a house. These expenses are commonly split between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Massachusetts to help show you through your deal.

Closing costs that are loan-related    (More information)

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

At closing, these taxes are usually paid    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (More information)

  • 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 highest sales price, but I'll also advocate for reduced closing costs. And once we've arrived at an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.

Buyers: If you are buying real estate in Norfolk County, you will receive 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 reasonable range so you're not shocked when you arrive at closing time. I'll be glad to review the LE with you, answering your questions and highlighting any estimates that are uncertain.

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Louis Wolfson & Co.

29 Cimino Road
Needham, MA 02494