What closing costs should you expect?

There are certain expected fees associated with closing the sale of a house. These fees are often split between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Massachusetts to help guide you through the transaction.

Closing costs that are tied to your mortgage    (Details)

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

At closing, these taxes are usually paid    (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 negotiate your deal, not only will I work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying a house in Norfolk County, you'll 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 suitable range so you're not surprised when you arrive at closing time. I'll be happy to review the LE with you, answering your questions and highlighting any estimates that seem questionable.

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Louis Wolfson & Co.

29 Cimino Road
Needham, MA 02494