Closing costs you should expect
There are certain typical expenses linked to closing the sale of a house. These costs are commonly split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in South Carolina to help direct you through your process.
Costs pertaining to your mortgage to be paid at closing (Click here for more information)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Insurance fees due at closing (Click here for more information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Buyers: When buying a property in Anderson, you will 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 an acceptable range so you're not surprised when you show up at closing time. We'll be glad to go through the estimate with you, answering your questions and highlighting any estimates in question.
If you are looking to buy or sell a home in the Anderson or Greenville SC real estate areas, visit our website at www.SheilaNewtonTeam.com for tons of great information.
Sheila Newton Team
Berkshire Hathaway HomeServices -
C. Dan Joyner, Realtors