Anticipated closing costs

There are certain ordinary costs linked to closing the sale of a house. These fees 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 California to help guide you through your process.

Closing costs that are tied to your mortgage    (Click here for details)

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

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we negotiate your sale, I'll not only work to get the highest sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: If you are purchasing a house in Salinas, you'll 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 previous experience and are required to be within a tolerable range so you're not stunned when you arrive at closing time. I'll be willing to go over the estimate with you, answering your questions and highlighting any estimates of concern.

Finding the right home at the right price is just one part of a real estate transaction. Donna Ingraham is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 831-443-2121 if your needs include a real estate pro ready for the business side of real estate.

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