Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

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

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

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

 

Copyright © 2008 Los Prados Realty All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. All materials posted on this site are subject to copyrights owned by Los Prados Realty and other individuals and entities. Any reproduction, retransmission or republication of all or part of any document found on this site is expressly prohibited, unless Los Prados Realty or the copyright owner of the material has granted its prior written consent to so reproduce, retransmit or republish the material. All other rights reserved. The names, trademarks, service marks and logos of Los Prados Realty appearing on this site may not be used in any advertising or publicity, or otherwise to indicate Los Prados Realty sponsorship of or affiliation with any product or service, without Los Prados Realty prior express written permission.


Los Prados Realty 5550 Painted Mirage Road Suite 320 Las Vegas, Nevada 89149
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