Expected closing costs

There are certain basic expenses accompanying closing the sale of a house. These expenses are commonly split between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in South Carolina to help guide you through your transaction.

Closing costs that are tied to your mortgage    (Details)

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

Taxes you may be responsible for at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (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 optimal sales price, but I'll also advocate for reduced closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you know exactly where your money is going.

Buyers: If you are buying real estate in Lexington County, you will receive a "Loan Estimate" (LE) 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 astonished when you reach the closing appointment. I'll be glad to go through the LE with you, answering your questions and highlighting any estimates that seem questionable.

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