Finding the right home at the right price is just one aspect of a home sale or purchase. North Eastern Group Realty is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 260-489-7095x176 if your needs include a real estate pro experienced in the business side of real estate.

Expected closing costs

There are certain basic costs linked to closing the sale of a house. These fees are usually divided 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 Indiana to help show you through your process.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

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

At closing, these taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for details)

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

Sellers: As we hammer out your sale, not only will I work to get the highest sales price, but I'll also push for reduced closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are aware of exactly where your money is going.

Buyers: If you're buying a property in Allen County, you'll 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 past experiences and is required to be within a tolerable range so you're not astonished when you come to the closing table. I'll be glad to look through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

North Eastern Group Realty 10808 La Cabreah Ln Fort Wayne, IN 46845-2100
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All rate, payment, and area information are estimates and approximations only.



 
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