Expected closing costs

There are certain expected fees accompanying closing the sale of a house. These fees are usually split 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 guide you through the deal.

Closing costs that are loan-related    (Click here for more information)

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

At closing, these taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

  • 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 highest sales price, but I'll also push for limited closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are informed of exactly where your money is going.

Buyers: If you are buying a house in Yukon, 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 past experiences and are required to be within a reasonable range so you're not surprised when you come to the closing table. I'll be willing to look at the estimate with you, answering your questions and highlighting any estimates that seem off.

Don't forget to factor in closing costs when considering a home sale or purchase. Metro First Realty West is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call me today at (405) 229-0409 if your needs include a professional REALTOR® experienced in the business side of real estate.

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