Don't forget to factor in closing costs when considering a home sale or purchase. Michelle Conway, Broker, ABR, CRS is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (919) 786-4147 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Expected closing costs

There are certain typical fees accompanying closing the sale of a house. These fees are often split between the buyer and seller, as instructed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through the transaction.

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

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

Taxes you may be responsible for at closing    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (More information)

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

Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: If you are buying a house in Wake County, you will receive 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 prior experience and is required to be within a suitable range so you're not surprised when you arrive at closing time. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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Michelle Conway, Broker, ABR, CRS RE/MAX Preferred 5909 Falls of Neuse Road Raleigh, NC 27609
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