What closing costs should you expect?
There are certain basic fees associated with closing the sale of a house. These expenses are often split between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you’ll want a real estate expert in Nevada to help direct you through the transaction.
CR Realty Services, llc. is seasoned at assisting both buyers and sellers when it comes to closings.
Costs pertaining to your loan to be paid at closing
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
Taxes you may be responsible for at closing
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due
- 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 we work to get the very best sales price, but we’ll also advocate for lower closing costs. And once we’ve reached an agreement, we’ll describe in detail the closing costs so you are aware of exactly where your money is going.
Buyers: If you’re purchasing a property in Las Vegas, you’ll be given 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 tolerable range so you’re not astonished when you get to the closing appointment. We’ll be happy to look through the GFE with you, answering your questions and highlighting any estimates in question.