Anticipated closing costs

There are certain normal costs linked to closing the sale of a house. These fees are usually split between the buyer and seller, as instructed in the sales contract. Here's some basic information on the most common closing costs to expect with the purchase of your home.

Closing costs that are tied to financing    (Learn more)

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

At closing, these 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 transaction, we'll not only work to get the very best sales price, we'll also talk about closing costs and how that effects your financial purchase.

Buyers: When buying real estate in the Edmond, Deer Creek and OKC area you'll receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's past experiences and are required to be within a tolerable range so you're not stunned when you arrive at the closing appointment. We'll be willing to go through the estimate with you, answering your questions and highlighting any estimates of concern.

Finding the right home at the right price is just one aspect of a home sale or purchase. Weir Real Estate Investments is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (405)505-7940 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

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