Anticipated Closing Costs

There are certain typical fees accompanying closing the sale of a house. These costs are commonly divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Northern Virginia to help lead you through the transaction.

Costs pertaining to your loan to be paid at closing    (Details)

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

Taxes you may be responsible for at closing    (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

Sellers: As we negotiate your deal, we'll not only work to get the optimal sales price, but we'll also advocate for lower closing costs. And once we've come to an agreement, we'll give a detailed list of the closing costs so you know exactly where your money is going.

Buyers: If you're purchasing a home in Northern Virginia, you'll get a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's previous experience and are required to be within a suitable range so you're not shocked when you arrive at closing time. I'll be glad to look at the estimate with you, answering your questions and highlighting any estimates in question.

Don't forget to factor in closing costs when considering a home sale or purchase. The Avenue Realty Group is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 703.909.6067 if your needs include a professional REALTOR® ready for the business side of real estate.

Looking to Buy?

Are you looking to buy a house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

Your Information
Some Details