Closing costs you should expect

There are certain ordinary expenses associated with closing the sale of a house. These fees are commonly divided 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 show you through the process.

Loan-related closing costs    (Learn more)

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

At closing, these taxes are usually paid    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

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

Sellers: As we hammer out your transaction, not only will I work to get the very best sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're purchasing 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 an acceptable range so you're not stunned when you arrive at closing time. I'll be glad 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