Expected closing costs

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

Closing costs that are tied to financing    (Click here for details)

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

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for 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 very best sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are informed of exactly where your money is going.

Buyers: If you are buying a home in Norfolk County, you'll get a "Loan Estimate" (LE) 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 arrive at the closing appointment. I'll be glad to go through the LE with you, answering your questions and highlighting any estimates of concern.

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Louis Wolfson & Co.

29 Cimino Road
Needham, MA 02494