Finding the right home at the right price is just one part of a home sale or purchase. Frank Real Estate is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (810) 765-4005 if your needs include a real estate pro ready for the business side of buying and selling.

Expected closing costs

There are certain standard fees associated with closing the sale of a house. These costs are commonly split 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 Michigan to help lead you through your deal.

Closing costs that are tied to financing    (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

Insurance fees due at closing    (More information)

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

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

Buyers: If you are purchasing a property in St. Clair 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 reasonable range so you're not stunned when you reach the closing appointment. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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