Don't forget to factor in closing costs when considering a home sale or purchase. Bevis Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call me today at (850) 491-3600 if your needs include a real estate pro experienced in the business side of real estate.

Closing costs you should expect

There are certain basic expenses linked to closing the sale of a house. These fees are often split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help direct you through your deal.

Loan-related closing costs    (Click here for details)

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

At closing, the following taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for 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 optimal sales price, but I'll also push for lower closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you know exactly what you're paying for.

Buyers: If you are purchasing real estate in Tallahassee, you'll receive 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 an acceptable range so you're not astonished when you come to the closing appointment. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem off.

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