There are certain typical expenses accompanying closing the sale of a house. These expenses are commonly split between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Arizona to help lead you through the process.
Closing costs that are tied to your mortgage (Learn more)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (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 optimal sales price, but I'll also campaign for limited closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you are informed of exactly where your money is going.
Buyers: If you are purchasing a house in Maricopa 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 previous experience and is required to be within a reasonable range so you're not shocked when you show up at closing time. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates of concern.
Moving can be a tough and stressful time. Check out our Website Utility & Turn on Memo document to help guide you through.