What closing costs should you expect?

There are certain standard fees accompanying closing the sale of a house. These expenses are often divided 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 Massachusetts to help show you through your process.

Loan-related closing costs    (Click here for more information)

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

Taxes commonly paid at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we get through the details of your deal, not only will I work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're purchasing real estate 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 previous experience and is required to be within an appropriate range so you're not shocked when you come to the closing appointment. I'll be happy to go over the LE with you, answering your questions and highlighting any estimates in question.

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Louis Wolfson & Co.

29 Cimino Road
Needham, MA 02494