Closing costs you should expect

There are certain ordinary expenses associated with closing the sale of a house. These costs are commonly split between the buyer and seller, as instructed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in New Jersey to help guide you through the process.

Closing costs that are loan-related    (Details)

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

At closing, the following taxes are usually paid    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Details)

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

Sellers: As we negotiate your sale, not only will I work to get the very best sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're buying a property in Mercer County, you'll get 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 previous experience and is required to be within a reasonable range so you're not stunned when you get to the closing appointment. I'll be happy to go over the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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