Expected closing costs

There are certain ordinary expenses related to closing the sale of a house. These costs are often split between the buyer and seller, as directed 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 the transaction.

Loan-related closing costs    (More information)

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

Taxes you may be responsible for at closing    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (More information)

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

Sellers: As we hammer out your transaction, I'll not only work to get the very best sales price, but I'll also push for limited closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you know exactly where your money is going.

Buyers: If you're buying a property 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 past experiences and is required to be within a reasonable range so you're not astonished when you show up at closing time. I'll be happy to go through 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