There are certain normal costs associated with closing the sale of a house. These costs are usually split between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Vermont to help lead you through the process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Insurance fees due at closing
- Homeowners Insurance
- Floor or Quake Insurance
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your sale, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.
Buyers: If you're purchasing a property in Washington County, you will 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 previous experience and is required to be within a reasonable range so you're not startled when you show up at the closing table. I'll be willing to go through the GFE with you, answering your questions and highlighting any estimates that are uncertain.