Expected closing costs

There are certain standard costs associated with closing the sale of a house. These costs are commonly 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 Minnesota to help show you through your transaction.

Closing costs that are loan-related    (Details)

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

Taxes commonly paid 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 get through the details of your deal, not only will I work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're purchasing real estate in Hennepin County, you'll 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 past experiences and is required to be within a suitable range so you're not startled when you come to the closing appointment. I'll be happy to look at the LE with you, answering your questions and highlighting any estimates of concern.

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