Don't forget to factor in closing costs when considering a home sale or purchase. Julia Bumgarner Realty Group is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 704-236-1384 if your needs include a professional REALTOR® ready for the business side of real estate.

Closing costs you should expect

There are certain expected costs linked to closing the sale of a house. These costs are often divided between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in North Carolina to help guide you through your process.

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

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

At closing, these taxes are usually paid    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we negotiate your deal, not only will we work to get the highest sales price, but we'll also campaign for lower closing costs. And once we've come to an agreement, we'll describe in detail the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying a property in Mecklenburg County, you will get 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 a suitable range so you're not startled when you come to the closing table. We'll be happy to go over the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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