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Don't forget to factor in closing costs when considering a home sale or purchase. Prudential CA Realty is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at (818) 547-3777 if your needs include a real estate pro ready for the business side of buying and selling.
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What closing costs should you expect?
There are certain basic costs related to closing the sale of a house. These expenses are often divided between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in California to help lead you through the deal.
Loan-related closing costs
(Details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected (Details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we get through the details of your sale, I'll not only work to get the very best sales price, but I'll also campaign for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.
Buyers: If you are buying real estate in Los Angeles County, you will 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 prior experience and is required to be within an appropriate range so you're not surprised when you come to closing time. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that are uncertain.
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DRE License # 00848750
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