Don't forget to factor in closing costs when considering a home sale or purchase. Prudential Alliance Realty Inc. is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 405-348-7910 if your needs include a real estate pro ready for the business side of buying and selling.

What closing costs should you expect?

There are certain expected fees linked to closing the sale of a house. These fees are often divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help guide you through your deal.

Costs pertaining to your loan to be paid at closing    (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 negotiate your sale, I'll not only work to get the very best sales price, but I'll also push for lower closing costs. And once we've arrived at an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.

Buyers: If you're purchasing a house in Oklahoma County, you'll be given a "Good Faith Estimate" (GFE) 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 tolerable range so you're not shocked when you show up at closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that seem off.


 

 

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