Finding the right home at the right price is just one part of a real estate transaction. Vine andSea Real Estate Associates is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call me today at 5163168864 if your needs include a real estate pro experienced in the business side of buying and selling.

Closing costs you should expect

There are certain standard costs linked to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as dictated in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in New York to help guide you through your transaction.

Closing costs that are loan-related    (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 get through the details of your transaction, not only will I work to get the optimal sales price, but I'll also advocate for limited 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 real estate in Suffolk County, you'll be given 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 previous experience and is required to be within an acceptable range so you're not surprised when you get to the closing table. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates that seem off.




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