Anticipated closing costs

There are certain typical expenses linked to closing the sale of a house. These costs are commonly split between the buyer and seller, as noted 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 guide you through your transaction.

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

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

At closing, the following taxes are usually paid    (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 transaction, not only will I work to get the very best sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll explain in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are purchasing a property in Norfolk County, you will 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 astonished when you get to closing time. I'll be happy to look at 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