Don't forget to factor in closing costs when considering a home sale or purchase. Southern Homes of the Carolinas is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call me today at 704.634.1061 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Anticipated closing costs

There are certain expected costs related to closing the sale of a house. These expenses are usually split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in North Carolina to help direct you through your deal.

Costs pertaining to your loan to be paid at closing    (Learn more)

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

At closing, the following taxes are usually paid    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

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

Sellers: As we get through the details of your sale, not only will I work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing real estate in the Lake Norman Area, 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 past experiences and is required to be within a tolerable range so you're not astonished when you get to the closing table. I'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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