Finding the right home at the right price is just one part of a real estate transaction. Twin Cities Real Estate Group is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 612-387-1326 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Anticipated closing costs

There are certain typical costs related to closing the sale of a house. These costs are commonly split between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Minnesota to help guide you through the transaction.

Loan-related closing costs    (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 get through the details of your deal, I'll not only work to get the optimal sales price, but I'll also campaign for lower closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you know exactly what you're paying for.

Buyers: If you are buying a house in Hennepin 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 tolerable range so you're not startled when you come to the closing appointment. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates in question.




Twin Cities Real Estate Group 18279 Minnetonka Blvd Suite A Wayzata, MN 55391
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All rate, payment, and area information are estimates and approximations only.



 
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