Expected closing costs

There are certain expected fees linked to closing the sale of a home. These costs are usually divided between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help direct you through the transaction.

Costs pertaining to your mortgage to be paid at closing    (More information)

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

Taxes commonly paid at closing    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (More information)

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

Sellers: As we negotiate your transaction, not only will I work to get the highest sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying a home in El Reno, you will receive 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 prior experience and are required to be within an appropriate range so you're not stunned when you show up at the closing table. I'll be willing to look over the estimate with you, answering your questions and highlighting any estimates that seem off.

Finding the right home at the right price is just one part of a home sale or purchase. Preferred Properties, R.E. is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call me today at 405-262-6020 if your needs include a real estate pro ready for the business side of real estate.

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