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Home Selling Your Home News For Buyers First Time Buyers Home Buyer Checklist
Finding the right home at the right price is just one aspect of a real estate transaction. Village Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 914-779-5252 if your needs include a real estate pro ready for the business side of real estate.

What closing costs should you expect?

There are certain expected costs accompanying closing the sale of a house. These fees are usually 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 New York to help lead 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, the following taxes are usually collected    (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, not only will I work to get the very best sales price, but I'll also push for lower closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you know exactly where your money is going.

Buyers: If you are buying a home in Westchester County, 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 prior experience and is required to be within an acceptable range so you're not shocked when you reach the closing table. I'll be happy to review the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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