Expected closing costs

There are certain standard costs linked to closing the sale of a house. These expenses are often divided between the buyer and seller, as instructed 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 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 deal, not only will I work to get the optimal sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a home in Norfolk County, you'll 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 an acceptable range so you're not surprised when you get to the closing table. I'll be glad to look 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